#美联储重启降息步伐 BTC Trend Observation on the Evening of December 5
Looking at the hourly chart, the bear flag pattern has already been broken. If the price can't break through the 92,700 level above, it's going to be hard to keep rising.
On the 4-hour chart, there's a multi-period support resonance around 90,700. If this level can't hold, it'll go straight to test the 90,000 mark, and if that breaks, things will get tough.
The key now is the low point of that wick in the early hours. As long as it doesn't break, there's still a chance. The ideal scenario is to stabilize around 90,800, form a double bottom, and then rally.
Strategy-wise, you can consider setting up long positions in the 90,300–90,800 range this evening, targeting the 92,600–93,600 range. $BTC $ETH
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CryingOldWallet
· 20h ago
This key level at 90700 must be held; otherwise, it will go straight to 90,000 and break down, and then it will really be trouble.
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Hash_Bandit
· 12-05 18:27
nah fr this setup's giving me 2017 vibes... if we can't break 92.7k the whole thing's prob gonna grind lower. seen this pattern too many times, network hashrate was climbing that season too but the consolidation killed momentum
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ProofOfNothing
· 12-05 11:30
If 90,700 is broken, it will go straight to test 90,000. This time, we’ll have to see if that wick in the early morning can hold.
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Anon32942
· 12-05 11:29
If 90700 can't hold, it's really a disaster. Whether we can break through 92700 this time really feels like it's up to fate.
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BottomMisser
· 12-05 11:19
If 90700 can't be broken, it's really over. This wave will either form a double bottom or plunge directly, there's no middle ground.
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PositionPhobia
· 12-05 11:14
If 90,700 breaks, we're done for. Honestly, this round feels risky.
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Double bottom rebound? Just listen and move on, I'm too scared to try.
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Stabilizing at 90,800 again—how many times have we heard this, and it never works.
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That wick in the middle of the night was terrifying. I can't sleep holding my position now.
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92,700 really feels like an insurmountable barrier. If it can't break through, I'm out.
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With such a small trading range, it's safer to stay on the sidelines.
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Long at 90,300? I wouldn't dare, afraid of getting trapped.
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"Support resonance" sounds intimidating, but in reality, it's hard to say.
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The rate cut is good news, but how can the price rise with the chart looking like this?
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As long as it doesn't break the low, it's fine—could it really be that simple?
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PrivateKeyParanoia
· 12-05 11:01
If 90700 is broken, we really have to rethink things. This round isn't as optimistic as we imagined.
#美联储重启降息步伐 BTC Trend Observation on the Evening of December 5
Looking at the hourly chart, the bear flag pattern has already been broken. If the price can't break through the 92,700 level above, it's going to be hard to keep rising.
On the 4-hour chart, there's a multi-period support resonance around 90,700. If this level can't hold, it'll go straight to test the 90,000 mark, and if that breaks, things will get tough.
The key now is the low point of that wick in the early hours. As long as it doesn't break, there's still a chance. The ideal scenario is to stabilize around 90,800, form a double bottom, and then rally.
Strategy-wise, you can consider setting up long positions in the 90,300–90,800 range this evening, targeting the 92,600–93,600 range. $BTC $ETH