Market Opinion

The new lowest point of the pullback may be around 89,000.

I hope everyone received our reminders from yesterday’s and the day before’s analysis that a pullback was expected.

Bitcoin hit a low of 90,800 last night, which is 200 points away from our anticipated level of 90,600. There has been a slight rebound, but the highest point still hasn’t broken through 93,000.

I believe that a 1H breakout above 93,000 would confirm the end of the pullback, meaning it won’t go to a lower level.

If 93,000 is not broken, it’s possible that an even lower low will be reached.

The lower low is expected to be in the 89,500–89,000 range.

The ideal scenario is for support to be found and the pullback to be confirmed as over within this range, followed by a continued rise, reaching above 96,500 before December 9. That would achieve my minimum target increase.

The target increase area is between 96,500 and 98,500.

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