BTC evening analysis by Yu Ge

The price has slightly decreased by 0.45% over the past 24 hours, remaining in a narrow consolidation phase following a recent rebound. After experiencing a significant correction in mid-November, the price rebounded from a low of nearly 80,000 USD but failed to maintain momentum, encountering resistance near the 90,000 USD mark. This reflects a strong wait-and-see sentiment among investors, lacking clear directional guidance. Market trading activity shows divergence; trading volume increases when prices decline, indicating that short-term selling pressure is still being released. However, during the rebound phase, trading volume has not consistently expanded, showing insufficient bullish momentum. In the short term, BTC is likely to maintain a pattern of "range oscillation, waiting for a breakout," with a core fluctuation range of 85,868-93,689 USD. If it can break through the resistance level of 93,689 USD with increased volume, it may open up upward space towards 97,000-100,000 USD. Conversely, if it falls below the support level of 85,868 USD, it could continue the downward trend, testing the previous low points of 83,680 USD or even 74,000 USD.
‍$BTC
‍#反弹币种推荐 #加密市场回暖