BTC plummet on the 4-hour timeframe, with the key support level at 88594

The recent BTC trend in the last 4 hours has been a bit fierce.

The price started to plummet from 4 PM on November 30, directly piercing through the low point of the 29th, dropping further from where it was at noon. A large bearish candle came down, and it ultimately closed as a bearish line—a typical bottom-fishing trend.

The trading volume is actually increasing. Price drops with an increase in volume, what does this indicate? Selling pressure is accumulating.

The MACD doesn't show any obvious direction, but the histogram has been consistently negative and is getting longer, indicating that bearish strength is indeed increasing. The KDJ has already crossed dead, with values reaching 88, which is definitely in the overbought zone. The MA10 is still above the MA30, but this position is a bit precarious.

Specific point of reference: Two potential buy zones - around 82028 and around 85421. It is recommended to set the stop loss for long positions at 85914. Looking up, the sell targets can focus on 93030 and 94255. For short positions, setting a stop loss at 92824 is relatively safe.

Technical level: Support at 88594, resistance at 93030. Recent high point 92362, low point 86346.

As of the data on November 30 at 8 PM, the overall trend remains a relatively weak downward pattern. Attention to risk control is needed in operations.