The BTC price movement on December 8 was a real roller coaster. It first plunged to $87,800, then shot up to $91,700, and started swinging back and forth again. This morning, it hovered back near $91,000. While it looks like it's up over 24 hours, bulls and bears are fiercely battling at the $90,000 mark, with $350 million in liquidations across the market. With this volatility, it’s tough if you don’t have a strong heart.

The most crucial event right now is the Fed meeting on December 10. Currently, 87% of the market is betting on a 25 basis point rate cut. If that actually happens, liquidity will increase, and in theory, BTC should be supported. The issue is that the Fed is still arguing internally, and there’s no consensus on how to handle the balance sheet. Plus, with institutions cashing out for the year-end, the overall market mood has turned cautious, which is why we’re seeing this tug-of-war.

Technically, the daily chart is forming a box between $87,000 and $92,000, currently stuck in the middle. The $92,000 level is a hard ceiling—if it breaks, we’ll need to see if BTC can hold above $93,000–$94,000. On the downside, $89,000–$89,500 is the first line of defense. If it breaks below $88,000, get ready for a deeper pullback. The 4-hour Bollinger Bands are narrowing and flattening, showing a stalemate between bulls and bears, and MACD lacks momentum—so short-term choppiness is likely to continue.

If you want to take a shot, consider shorting around $92,300–$93,300, with a stop loss at $93,800. If you’re more aggressive, you can try a long at $87,300–$88,300, but keep a strict stop loss of 1,000 points, and exit quickly if you hit resistance above. Remember, in this kind of market, take profits when you can—don’t try to tough it out. $BTC