📊 Afternoon of December 6: Bitcoin #BTC Market Comprehensive Analysis and Latest Support & Resistance

Currently, bullish and bearish factors are intertwined, and the market is at a critical juncture for direction selection.
• Bearish signals: The moving average system is showing a bearish arrangement, with prices operating below key moving averages, indicating a weak short-term trend. The MACD indicator shows a weakening of short-term momentum, and there is certain selling pressure in the market. In addition, macro data shows that the US core PCE price index remains high year-on-year, interest rate cut expectations have moderated, and a strengthening US dollar is putting pressure on risk assets such as cryptocurrencies.
• Bullish signals: An important support has formed in the $89,000-$90,000 region; if the price can hold above this area, a technical rebound may be triggered. On-chain data shows that despite recent capital outflows, the amount of open interest in futures has rebounded, indicating increased market participation. In the long run, institutional adoption and potential government support remain strong fundamental drivers.

💎 Summary & Reminder
In summary, Bitcoin is currently in a fiercely contested key area between bulls and bears. For short-term trading, you can refer to the above-mentioned support and resistance levels for buying low and selling high, but make sure to keep positions light and set stop-losses. For medium- and long-term positioning, more patience is required, waiting for the market to provide clearer direction signals at lower price zones or after a breakout of key resistance.
We hope this information helps you make your decision. Please note that the cryptocurrency market is extremely risky, with severe price fluctuations. All decisions should be made independently and with caution. $BTC