Morning Market Analysis on December 4

Last night, Bitcoin experienced intense volatility, with fierce competition between bulls and bears and repeated market shakeouts. Within just one hour, the price surged rapidly from 91,600 to 93,600, showing strong bullish momentum. However, the bearish strategy we suggested in the afternoon was quickly validated as the market turned sharply downward, with sentiment shifting rapidly between bulls and bears. The wide swing of 2,000 points made predictions difficult.

Subsequently, the price formed a W-shaped pattern, briefly stabilizing before climbing again to the 94,100 level. However, strong selling pressure above prevented it from holding, resulting in a quick pullback. The price is currently consolidating around 93,000.

From a technical perspective, the middle band of the Bollinger Bands is providing support for the price, but the upper band is showing significant resistance. The MACD red bars continue to narrow, indicating a weakening of bullish momentum. Short-term moving averages are intertwined, suggesting a temporary stalemate between bulls and bears. In the short term, pay close attention to the resistance level around 93,500—if this can be effectively broken, further upside potential may be unlocked.

Trading suggestion: Consider building long positions in the 92,000–92,500 range, targeting 94,000–94,500. If this level is broken, look to 95,000. #十二月行情展望