Over the weekend, $BTC showed weak performance. A few observations:
Technical aspect—The price rebound faced resistance as soon as it hit the previous heavy supply zone. The candlesticks have been lining up as small bearish candles, with clearly insufficient bullish momentum.
Sentiment—There are no new catalysts in the market, and the bulls are relatively cautious.
Capital flows—Large funds continue to withdraw, and buyers are unable to keep up. The probability of continued weakness over the weekend is relatively high.
My personal trading plan: Considering looking for short opportunities in the 89,800-90,500 range, with attention to the 88,500-87,000 support zone below.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
5
Repost
Share
Comment
0/400
LuckyHashValue
· 23h ago
I feel like the 88,500 mark can't hold, I can clearly see that big funds are pulling out.
View OriginalReply0
MEVictim
· 12-06 09:00
Once again, the trapped zone is getting hammered, there's no hope this weekend.
Big players running away is really brutal, all the bag holders are done for.
Try shorting at 89800, can't lose much anyway.
View OriginalReply0
ZenZKPlayer
· 12-06 08:56
Large funds pulling out is not a good sign, looks like the drop will continue over the weekend.
---
I'm also watching that 89800 level, just worried the rebound might be stronger than expected.
---
With so much pressure in the trapped zone, don't count on a rebound in the short term.
---
If the buying power can't keep up, then let's just watch from the sidelines.
---
With this weekend vibe, there's really nothing to be optimistic about.
---
Only if the 87000 line is broken will it be worth paying attention.
---
Even the bulls are being cautious, which means everyone knows what's going on.
View OriginalReply0
wagmi_eventually
· 12-06 08:51
I'm also watching the 89800 level, but I always feel like weekends are prone to wicks, so I'll wait a bit before making a move.
View OriginalReply0
DefiPlaybook
· 12-06 08:41
Same old trick, the big players have run off and the bag holders haven't even realized it yet.
Hmm, the 88,500-87,000 support zone feels like the rebound point from some previous crash.
The cautious atmosphere over the weekend is real, and the on-chain data confirms it. It's just a bit boring.
As soon as the price hits the dense resistance zone, it starts to turn around. I've seen this trick before, it's not the first time.
The part about capital outflow is interesting, but I want to see whether it's institutions or retail investors selling.
#数字货币市场洞察 December 6 Afternoon Market Notes
Over the weekend, $BTC showed weak performance. A few observations:
Technical aspect—The price rebound faced resistance as soon as it hit the previous heavy supply zone. The candlesticks have been lining up as small bearish candles, with clearly insufficient bullish momentum.
Sentiment—There are no new catalysts in the market, and the bulls are relatively cautious.
Capital flows—Large funds continue to withdraw, and buyers are unable to keep up. The probability of continued weakness over the weekend is relatively high.
My personal trading plan: Considering looking for short opportunities in the 89,800-90,500 range, with attention to the 88,500-87,000 support zone below.
$BTC $BNB $SOL