After Bitcoin's price touched a low of 83780 USD the day before yesterday, it immediately began its rebound journey. In the early hours of yesterday, bullish forces began to emerge, and the price climbed to a peak of 87300 USD. During the entire daytime trading session, market sentiment was cautious, with prices hovering around the high-level channel zone and both bulls and bears engaged in a brief tug-of-war within this range. The turning point occurred in the evening session when the price fell back to around 87000 USD; the bulls suddenly exerted force, initiating a violent upward trend. This surge was unstoppable, with prices soaring to a peak of 92260 USD, forming a stunning reversal pattern on the daily chart that successfully reversed the previous downward adjustment trend. For the subsequent price movement, the market needs to pay close attention to the key resistance zone. The upcoming resistance channel is located between 93500 and 94000 USD, which will become an important checkpoint to test the strength of the bulls. If the price can successfully break through this resistance zone, it is expected to continue to push upwards, with the next target looking towards the 95000 to 96500 USD range; conversely, if it fails to break the resistance, the price is likely to return to the current 4-hour box position, entering a new round of consolidation.
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分仓止盈中
· 2025-12-03 00:55
What tests the pressure support are all driven by ETF institutions. Technical indicators are useless; as long as ETF institutions are inflowing, it will keep rising, and if they are outflowing, it will keep falling.
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After Bitcoin's price touched a low of 83780 USD the day before yesterday, it immediately began its rebound journey. In the early hours of yesterday, bullish forces began to emerge, and the price climbed to a peak of 87300 USD. During the entire daytime trading session, market sentiment was cautious, with prices hovering around the high-level channel zone and both bulls and bears engaged in a brief tug-of-war within this range. The turning point occurred in the evening session when the price fell back to around 87000 USD; the bulls suddenly exerted force, initiating a violent upward trend. This surge was unstoppable, with prices soaring to a peak of 92260 USD, forming a stunning reversal pattern on the daily chart that successfully reversed the previous downward adjustment trend. For the subsequent price movement, the market needs to pay close attention to the key resistance zone. The upcoming resistance channel is located between 93500 and 94000 USD, which will become an important checkpoint to test the strength of the bulls. If the price can successfully break through this resistance zone, it is expected to continue to push upwards, with the next target looking towards the 95000 to 96500 USD range; conversely, if it fails to break the resistance, the price is likely to return to the current 4-hour box position, entering a new round of consolidation.