December 7: Weekly K-line closing soon: Can BTC hold the EMA100 in the short term?

Long time no see, brothers. It’s been a while since I shared BTC’s trend with everyone. As expected, BTC’s movement in mid-November was quite similar to historical patterns: The predicted peak for this bull run was 128,000, and we missed it by just over 1,000 points. Overall, the prediction was quite accurate. If you have been following my articles and videos since the end of April, I believe everyone managed to sell near the top this round. This week, BTC price has been oscillating in the 94,000-86,000 range, with bulls and bears tugging back and forth. For the bulls to reverse the current weakness, they must hold above the naked K-line at 92,000. The second key level is the weekly K-line EMA50: If BTC breaks and holds above this, then it may continue the bull run in the future. Conversely, if the price closes below the EMA100 daily line, BTC will break below 80,000 to test the 77,500 area. Attached indicators: The MACD shows a temporary sign of bearish momentum shrinking, but the key depends on whether tomorrow closes with a bullish candle. If it does, then there’s a high probability of a rebound next week to retest 94,000. After the recent black swan event, I mentioned in my WeChat Moments: BTC is in the process of filling the gap. Once the gap is filled, if there isn’t substantial inflow or good news, BTC will likely continue to fluctuate and trend downward. Overall, the entire market is in a weak phase. In the short and mid-term, there are no bottom divergence patterns: If you want to position for the long term, you need to continue to wait patiently—it’s not time yet. Bull markets are long, bear markets are short: everything has its own pattern.

Figures 2 and 3 are the trend analysis I shared with you all in April $BTC #十二月行情展望