📊 Morning of December 9: Bitcoin #BTC Market Comprehensive Analysis and Latest Support and Resistance
As of the morning of December 9, the price of Bitcoin is consolidating around $90,000. The market shows the following characteristics: • Conflicting technical signals: The MACD indicator on the 4-hour chart has formed a golden cross, indicating that short-term rebound momentum has strengthened somewhat. However, overall trading volume has not expanded significantly, suggesting low capital participation and a cautious market sentiment. • Macroeconomic pressure: The latest US employment data is strong, while the core PCE inflation indicator remains sticky. This has weakened market expectations for a rapid Fed rate cut. As a result, the US dollar has strengthened, putting pressure on risk assets such as Bitcoin. • Key price level battle: The $90,000 round number is currently the market’s focal point. It is both an important psychological support level and the dividing line for judging the short-term trend’s strength.
💎 Summary and Medium-to-Long Term Outlook Overall, the current market is in a sensitive technical window. The holding or loss of $90,000 is key to the short-term trend. • For medium-to-long term investors: If the price sees a deeper pullback, $83,700 and $80,500 are two very ideal areas for gradual entry. In the medium-to-long term, as long as Bitcoin holds above $90,000, an attempt to break into the $100,000 to $105,000 range is still worth expecting. • Core reminder: No matter which strategy you choose, light positions and strict stop-loss settings are eternal principles. Please closely monitor the Fed’s interest rate decision and related speeches by officials in Beijing time this week, as these could be key catalysts to break the current equilibrium.
I hope this detailed analysis can help you make more informed decisions. If you are interested in specific coins (such as ETH or SOL) or more detailed position management methods, we can continue to discuss further. $BTC
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.
📊 Morning of December 9: Bitcoin #BTC Market Comprehensive Analysis and Latest Support and Resistance
As of the morning of December 9, the price of Bitcoin is consolidating around $90,000. The market shows the following characteristics:
• Conflicting technical signals: The MACD indicator on the 4-hour chart has formed a golden cross, indicating that short-term rebound momentum has strengthened somewhat. However, overall trading volume has not expanded significantly, suggesting low capital participation and a cautious market sentiment.
• Macroeconomic pressure: The latest US employment data is strong, while the core PCE inflation indicator remains sticky. This has weakened market expectations for a rapid Fed rate cut. As a result, the US dollar has strengthened, putting pressure on risk assets such as Bitcoin.
• Key price level battle: The $90,000 round number is currently the market’s focal point. It is both an important psychological support level and the dividing line for judging the short-term trend’s strength.
💎 Summary and Medium-to-Long Term Outlook
Overall, the current market is in a sensitive technical window. The holding or loss of $90,000 is key to the short-term trend.
• For medium-to-long term investors: If the price sees a deeper pullback, $83,700 and $80,500 are two very ideal areas for gradual entry. In the medium-to-long term, as long as Bitcoin holds above $90,000, an attempt to break into the $100,000 to $105,000 range is still worth expecting.
• Core reminder: No matter which strategy you choose, light positions and strict stop-loss settings are eternal principles. Please closely monitor the Fed’s interest rate decision and related speeches by officials in Beijing time this week, as these could be key catalysts to break the current equilibrium.
I hope this detailed analysis can help you make more informed decisions. If you are interested in specific coins (such as ETH or SOL) or more detailed position management methods, we can continue to discuss further. $BTC