🔥 Gate Square Event: #PostToWinNIGHT 🔥
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📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
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Gat
#数字资产生态回暖 $BTC
Market Overview (21:50)
The bullish pattern remains intact, and unless there are major changes in the short term, the trend will continue to oscillate upward — this is the current main theme.
The price is currently stuck around $90,500, down 1.9% in the past 24 hours, fluctuating between $89,400 and $92,700 intraday.
The resistance level above is at $94,000-$94,200, with short-term support at $89,300, and medium-term support at $85,500 if it goes further down.
**What does the technical analysis say?**
Daily chart — Bollinger Bands are tightening, MACD momentum is waning, and the overall pattern is just grinding. There’s a slight bearish tone in the short term, but no reversal confirmation yet.
4-hour chart — EMA is also converging, MACD volume is shrinking, DIF and DEA have crossed bearish, indicating short-term bearish momentum is gathering. However, the lower band support at $89,300 remains quite solid.
**Market and Trading Strategy**
The positive effects of the Fed rate cut have been mostly digested. Currently, whales are quietly accumulating, and retail holdings remain relatively stable. Liquidity expectations are quite moderate, but the downside is a lack of upward momentum.
More conservative traders can wait and watch; for more aggressive traders, near the $90,000 level can be considered for light positions, but with a quick stop-loss if it breaks below, maintaining strict risk control.