2025-12-01 05:57:56

1] $BTC market analysis

December opened with a black candle, and a large bearish candlestick has swallowed all of last week's gains. The price has now dropped to 84.5K, which is the most important support line for this week. If this level cannot hold, a decline is likely to accelerate. The current long bearish candlestick has significant destructive power. If there is no subsequent candlestick with a lower shadow, or no strong bullish candlestick to engulf it, the probability of continued decline will be very high.
The market is currently very quiet, and there is not much buying interest coming in. Without funds to support it, don't expect a decent rebound. If we really want a rebound, we need to at least get back above 87.5K to catch our breath.
First support 84.5K: the last defense point, if broken, then look at the next station.
Second support at 80.6K: If 84.5K is lost, it is highly likely to go here.
First resistance 87.5K: The position that must be reclaimed in the short term, if it cannot be reclaimed, the bears will still have the say.
Operation Suggestions:
Long position: Not currently referenced
Short position: around 87400, target around 85000
$ETH #十二月降息预测

BTC0.49%

ETH0.4%

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.