Bitcoin is still experiencing some shocks in the early morning, but it has entered a consolidation range around 8.8. The 4-hour MA5 and MA10 are both slowing down, and the Bollinger Bands are flattening. The downward channel is beginning to slow, showing signs of stabilization in the short term. The key question is whether the bulls can further test the resistance at 9K.



On the hourly chart, Bitcoin's momentum has clearly accelerated. The main concentration of trading volume is in the 8.5-8.8 range. Due to the weekend's lack of sufficient liquidity, it is advisable to view the market as oscillating sideways.

For Bitcoin at 8.85-8.9, watch the 8.75-8.7 level, with support at 8.95.
For the 3000-3030 range, watch the 2950-2930 level, with support at 3050.
#2025Gate年度账单
BTC0.38%
View Original
post-image
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.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
BtcZhaoHuivip
· 12-20 01:35
Hop on board!🚗
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)