Review on December 2nd at midnight.

The expectation of interest rate cuts suddenly cooled, and BTC plummeted in response. After a deep drop in the early session, the rebound was weak, and by the evening it continued to drop alongside the U.S. stock market, directly breaking below 84000. Now it's just fluctuating back and forth in this range. The bearish judgment from the morning session has basically been fully realized.

The 4-hour level has clearly weakened, with the Bollinger Bands opening downwards, and bulls are firmly suppressed. The KDJ on the hourly chart has also formed a death cross and is diverging downwards, with bears in control of the market. Currently, no reversal signals are seen, so it's reasonable to continue to look bearish in the short term.

Strategically, consider positioning short orders in the range of 85000 to 86000, with an initial target of 84000, and if you're aggressive, you can aim for around 83000. $BTC

BTC-4.94%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
3
Repost
Share

Comment

0/400

HorizonHunter

· 5h ago

The interest rate cut is doomed, I've fully taken this short order, just afraid of a rebound hitting me later. That judgment in the morning was indeed good, now let's see if it can break 83000. When will this tormenting range come to an end?

View OriginalReply0

blockBoy

· 5h ago

When interest rates turn, Bitcoin cries, it's really terrible Really, the moment it broke 84000, I knew today was going to be a hit Short orders are filled, brothers, just asking who else is there With the Bollinger Bands in this position, long positions really have no way out Can 83000 hold? It feels like it will continue to drop That wave of short orders in the morning has been satisfying until now, but I dare not take the opposite position again.

View OriginalReply0

BearMarketLightning

· 5h ago

I filled my short order in the morning, now just waiting for it to continue plummeting. --- Here comes another wave of plummet, the interest rate cut expectations have reversed so quickly, it's really amazing. --- The Bollinger Bands are opening downwards, this long positions really have no way out. --- Did 84000 break? Then I have to continue to chase my short order. --- The KDJ death cross is so obvious, those brave enough to buy the dip in the short-term are real warriors. --- As soon as the interest rate cut expectations turned cold, it directly smashed through 84000, the contrast is a bit large. --- Now it's the stage of bottoming out, don't rush to buy the dip and lose money. --- I really want to see 83000, but I have to manage the risks first.

View OriginalReply0

Trending TopicsView More
#JoinGrowthPointsDrawToWiniPhone17
224.25K Popularity
#DecemberMarketOutlook
17.6K Popularity
#GIGGLEAndPIPPINSurge
2.94K Popularity
#LINKETFToLaunch
2.38K Popularity
#SharingMy100xToken
3.09K Popularity

Hot Gate FunView More

1
морекоты
MC:$3.32KHolders:1
0.00%
2
ZYGO戴歌青蛙
MC:$3.37KHolders:1
0.29%
3
XYY喜羊羊
MC:$3.31KHolders:1
0.00%
4
BEARBear Market Coin
MC:$3.38KHolders:2
0.22%
5
BEARACLESBearacles
MC:$3.34KHolders:1
0.21%

Sitemap