BTC 4-hour chart is consolidating, repeatedly testing the bottom within the 88,451-95,402 range.

[Crypto World] BTC’s recent 4-hour price movement is quite interesting.

From 8 PM on December 3rd until now, the price first surged then dropped. Compared to the big plunge at 4 AM on the 5th, the most recent 4 hours saw a slight recovery from the dip at 4 PM on the 4th, but overall it’s still in a slow downward trend. The last candle closed as a bearish one, with the closing price pressed under the opening price, and trading volume is shrinking—falling price and shrinking volume, a classic sign of a wait-and-see sentiment.

On the technical side, here are a few signals: MACD doesn’t show a clear direction, but the histogram stays negative and keeps extending, meaning bears have the upper hand. KDJ hasn’t formed a golden or death cross; the value is hovering around 43, which is neutral to slightly weak. In the moving averages system, MA10 is still above MA30, but the downtrend is already taking shape.

A certain wallet’s strategy reference is as follows: For long positions, consider entering in batches at 86783 and 84994, with a stop loss at 84254; For short positions, 95402 and 94123 are selling points, with a stop loss at 94010; Current support is at 88451, resistance at 95402, the recent high at 93543, and the low at 84677.

To put it simply, the price is oscillating within the 88451-95402 range, and don’t expect a one-sided move until trading volume picks up. Short-term traders should manage their position sizes carefully, avoid chasing highs, and don’t rush to catch the bottom.