#数字货币市场洞察 's price action on December 4th was quite dramatic. In the early session, it briefly touched 3240, but selling pressure quickly hammered the price down. By evening, it plunged along with the broader market sentiment, reaching a low of 3064. However, on the 5th, it started to recover, rebounding to around 3150 and reclaiming most of the ground lost the previous day.

To put it simply, the current situation is all about indecision. On the upside, there’s significant resistance in the 3180-3220 range, and yesterday’s high at 3240 is an even tougher hurdle, with plenty of trapped longs and profit-takers looking to exit. On the downside, 3100 is a short-term psychological level, while 3064 is a must-hold support—if that breaks, we could be looking at a new round of declines.

From a technical perspective, a quick glance shows the hourly RSI has climbed from an oversold 35 to 55, indicating that the panic has eased. The 4-hour candles are above the short-term moving average, showing obvious weakening of the bears and signs of capital flowing back in. On the daily chart, there’s a long lower wick, confirming that buyers are stepping in at lower levels.

The issue, though, is that the previous key support at 3150 has already been lost, so the main focus now is whether it can stabilize within the 3150-3220 range. If it holds, bulls will regain confidence and the rebound can continue; if it drops below 3064, the story changes; and if it breaks through 3240, the upside could open up. In short, the direction is still undecided, so it’s best to keep watching.