December 1 BTC market outlook

From the market perspective, the morning plunge directly broke through the support level, and the bearish momentum shows no signs of weakening: the rebound strength is weak, and there is a serious lack of buying support. Each round of the bulls' attack is directly pushed back, and there are no signs of a reversal in the downtrend. The operational strategy in the afternoon remains focused on shorting at rebound highs.

The news added more fuel to the fire - the sudden news of Powell's resignation ignited market risk aversion, with the policy outlook temporarily falling into a vacuum, putting collective pressure on high-risk assets.

The cryptocurrency market is already experiencing tight liquidity. After the news was released, buying pressure immediately "fizzled out," and the so-called rebound is nothing but a façade, lacking any sustainability. In such an environment, the downward trend is more likely to accelerate rather than reverse.

BTC trading suggestion: rebound near 87000-87600, then look down to around 85400-84000. If it breaks through, continue looking down. #十二月行情展望