#美SEC促进加密资产创新监管框架 December 5 Observation Notes

Bitcoin is currently hovering around 92,100. On the 4-hour chart, it’s clear the correction isn’t finished yet. Last night, it tested the upper moving average but failed to break through and reversed direction, pulling back to the short-term moving average before forming a long lower shadow. Now, it’s stuck around the 120 MA, taking a breather. The Bollinger Bands are narrowing, with the upper band pressing down and the middle and lower bands turning upward—both sides are in a standoff.

The MACD green bars are shrinking and approaching the zero line. After a golden cross, there are signs of a re-convergence, suggesting a death cross risk is brewing. The three RSI lines have slipped to around 40, while the KDJ combo has crossed downward, nearing the 30 area—these signals clearly indicate the correction is ongoing.

Looking downward, keep a close eye on the support from the 60 MA and the 90,000 round number. If this area holds, consider going long. On the upside, the area between the 160 and 200 MAs is capping prices; unless this is broken, any rebound is an opportunity to short.

On the daily chart, things aren’t easy either: the price is stuck at the 30 MA, with the mid-Bollinger band at 90,000 as the bulls’ last stronghold. Both KDJ and RSI have turned down from high levels, showing the need for a daily-level correction is obvious. The recommended strategy is to go with the trend—don’t rush to buy the dip.

Reference levels: Short within the 93,200–94,500 rebound range, targeting support at 91,000 and 90,000

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