#美联储恢复降息进程 12.1 Morning Market Observation

Waking up to see a sharp drop. BTC encountered resistance and fell back at the $92,000 level last night, and this morning it broke down with increased volume, currently hovering around $87,400.

The recent decline is mainly due to the concentration of profit-taking from the previous period, which has triggered a chain reaction of selling pressure. Data shows that net capital outflow has reached $312 million—market sentiment has clearly shifted from a high-level consolidation to panic selling, and the momentum of the pullback is still being released.

From the hourly chart, the Bollinger Bands have clearly opened downward, and the price has broken below the lower support. The DIF and DEA of the MACD continue to diverge downward, and with the increasing trading volume, it indicates that although there is capital stepping in, the selling pressure is evidently prevailing.

There have been no clear sudden events reported in the news. Personally, I judge that this adjustment is more like a technical pullback — gains being taken by holders at high positions combined with market sentiment interactions, and it is a spontaneous adjustment.

You can pay attention to the range of 86500-87000 in the short term. If it reaches that level, consider gradually trying to go long with a light position, setting a stop loss below 86000. The target for the rebound is to look at the resistance zone of 88500-89000. You can also observe the synchronization opportunities with $BTC .