December 29 Bitcoin / Auntie Empress Market Outlook

The 4-hour chart shows that the price broke through the 90,000 level strongly during the midday session but failed to stabilize. After a large bullish candle indicating bullish momentum, the price retreated to around 89,800 and consolidated. In the short term, the market is dominated by bears, entering a correction phase.

On the 1-hour chart, the price surged to around 90,373 but faced resistance and pulled back. The Bollinger Bands are widening, with the middle and upper bands continuing to rise. The candlestick bodies have prominent upper shadows, indicating heavy selling pressure above. The KDJ indicator shows that after breaking out, the price has fallen back below 90,000 for correction. The short-term rebound is weak, showing a stagnation trend, with the indicator turning downward. Bears are expected to intervene, opening space for a correction.

Bitcoin trading suggestion: Short near 90,000-90,800 on rebounds, targeting 88,800-87,000.

Auntie Empress trading suggestion: Short near 3,040-3,100 on rebounds, targeting 2,950-2,800.