#BTC Intraday Analysis

1️⃣ Structural Interpretation: Bitcoin continues to fluctuate within a large range today as it seeks direction. From the market perspective, the current trend shows pressure both upward and downward, with no clear directional movement. This indicates that selling and buying pressures are testing each other within this range, but no obvious trend signals are present. Overall, the current market structure is not yet strong enough to confirm a trend, and directional signals still need to be awaited.
2️⃣ Capital Flow & On-Chain & Exchange Dynamics Observation
Capital Flow: Based on trading volume and ETF fund flow data, Bitcoin's trading activity at the end of this year remains subdued, with ETF products showing small-scale net outflows, indicating that short-term funds remain cautious at this key price level. On-Chain Dynamics: There are no signs of large-scale whale selling or concentrated accumulation, suggesting that major players have not made clear directional bets.
Exchange Situation: Inflows and outflows on exchanges have remained relatively stable recently, with no significant selling pressure buildup or rapid net outflows. Overall, the capital situation currently appears to be more about waiting for news or a new trend signal.
3️⃣ Intraday Observation & Key Level Projection
Bearish Strategy: If repeatedly blocked at resistance zones above and a stagnation or pullback pattern appears (such as a prominent upper shadow with volume), consider small short positions targeting around 85,000; stop-loss can be set above the resistance zone or on a break of the candle body.
4️⃣ Risk Warning
Liquidity Risk: Low trading volume during year-end holidays can easily lead to large fluctuations driven by small funds, and stop-loss orders may not execute as expected.
Fake Breakout Risk: In a ranging market, breakouts are often prone to failure, leading to quick pullbacks and shakeouts.
Sentiment & News Risk: Market sentiment remains cautious, and any unexpected news or macro events could amplify volatility without warning.