The early session candlestick closed with upper and lower shadows, and the daily chart has been declining for three consecutive days. From a technical perspective, both highs and lows continue to move lower, and trading volume during upward moves is clearly insufficient. The 4-hour chart shows a rounded top structure; if a proportional pullback forms, tonight's market may choose a direction due to changes in liquidity.
Key resistance is around 89447—only a breakout above this level could open up rebound potential; otherwise, the technical outlook remains bearish. The current market is like still water, making it more suitable to observe and wait for clear signals.
On the macro front, the only focus is the upcoming Federal Reserve rate meeting on December 11. The market is betting on a possible 25 basis point rate cut, which could serve as a short-term sentiment catalyst.
$BTC The market is currently in a sensitive period with unclear direction, so aggressive operations carry high risks. It is safer to wait for confirmation before entering the market.
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quietly_staking
· 20h ago
It's another wait-and-see market... Whether 89447 is broken or not is really crucial, otherwise it might keep dropping further.
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BlockchainWorker
· 12-07 01:59
Well... just wait, anyway, nothing much will happen in these couple of days. Might as well wait until that Fed guy finishes the meeting before making any moves.
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AirdropGrandpa
· 12-07 01:59
It's ranging again. When will this lousy level finally break?
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Anon4461
· 12-07 01:57
It's been sideways for so long, I feel numb. When will we finally break out?
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Degentleman
· 12-07 01:54
Sideways trading is really frustrating. Every time it looks like there’s going to be a breakout, it just comes back again. Let’s just wait for the Fed meeting.
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CryptoNomics
· 12-07 01:50
actually, the correlation matrix between fed policy announcements and btc price action is far less deterministic than most ta-only traders think. your 89447 resistance level conveniently ignores endogenous liquidity dynamics across derivative markets—classic case of mistaking pattern recognition for causal analysis.
Reply0
TokenomicsTinfoilHat
· 12-07 01:50
It’s the same “wait and see” situation again... If 89447 can’t be broken, then let’s just keep lying flat with it.
#比特币对比代币化黄金 Weekend BTC Trend Observation: Sideways Consolidation Awaiting Breakout
The early session candlestick closed with upper and lower shadows, and the daily chart has been declining for three consecutive days. From a technical perspective, both highs and lows continue to move lower, and trading volume during upward moves is clearly insufficient. The 4-hour chart shows a rounded top structure; if a proportional pullback forms, tonight's market may choose a direction due to changes in liquidity.
Key resistance is around 89447—only a breakout above this level could open up rebound potential; otherwise, the technical outlook remains bearish. The current market is like still water, making it more suitable to observe and wait for clear signals.
On the macro front, the only focus is the upcoming Federal Reserve rate meeting on December 11. The market is betting on a possible 25 basis point rate cut, which could serve as a short-term sentiment catalyst.
$BTC The market is currently in a sensitive period with unclear direction, so aggressive operations carry high risks. It is safer to wait for confirmation before entering the market.