#数字资产市场观察 12.1 Morning Session｜$BTC $ETH Trend Analysis

Good morning everyone, I am Lao Zhao.

The recent movement of Bitcoin is quite interesting—from the low of 86260, it rebounded to around 93080 with significant strength. However, the problem lies at the 93000 level: despite multiple attempts, it has not been able to stabilize there, and now it is hovering around 91000, clearly showing a decline in momentum.

In recent days, there have been small K-lines fluctuating back and forth, neither breaking upwards nor experiencing significant pullbacks. What does this state indicate? Funds are on the sidelines, buying interest is hesitant, and selling pressure remains overhead. The longer it stagnates, the more dangerous it becomes — the momentum for an upward trend will gradually be exhausted, and the market often turns to a pullback during such stagnation.

If the barrier at 93080 cannot be broken, it can basically be regarded as a temporary top. If it drops below 90500, the bears should take over. The current situation is that "it can't go up, and it doesn't want to go down," but the trend has already started to weaken.

Strategy Reference:
The big pie can be considered for a short position in the 91500-92000 range, with targets around 90000 and 89500.
At the position of 3050-3080 for the second contract, you can similarly lay out a short position, looking down to the range of 3000 to 2970.