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

Bitcoin’s sharp dip in the early morning hours was definitely nerve-wracking, dropping to below 91,000 before starting to rebound. But don’t get too excited yet—the rebound started to weaken again near 94,000. The selling pressure at this level is just too heavy, and multiple attempts to break through have failed.

Looking at the candlestick chart, yesterday closed with a bearish candle. The key support level for the current market sits in the 90,000-90,600 range, while the 94,000 mark remains a tough resistance. Technically, the daily chart shows some signs of increasing volume, but it’s still suppressed near the zero axis; the 4-hour cycle shows significantly shrinking volume, indicating a range-bound market with clear short-term correction needs.

Strategy-wise, consider shorting on rebounds. If the price rises back to the 93,000-93,500 zone, you can try setting up short positions, targeting the 91,500-90,800 range.

$SOL