#比特币对比代币化黄金 Market Watch on December 5th

Bitcoin's current pullback isn't over yet. Today's strategy is to look for short opportunities first, then search for long entries.

Right now, the price is steady around the 92,100 level. The 4-hour chart signals are quite clear: last night, BTC failed to hold above the EMA160 line and dropped back down. When it dipped into the EMA30-EMA60 range, it formed a long lower wick, and currently it's pausing at EMA120. The Bollinger Bands are narrowing, with the upper band pressing downward while the middle and lower bands are turning up, indicating a tug-of-war between bulls and bears. The MACD green bars are shrinking and getting close to the zero line, and after a golden cross between the DIF and DEA, they're closing in for the first time, increasing the likelihood of a bearish cross. The three RSI lines have fallen to around 40, and the KDJ lines are crossing down towards 30—these indicators clearly show the correction isn't finished.

On the downside, keep a close eye on the area where EMA60 overlaps with the key 90,000 level—if it holds, you can consider going long. On the upside, there is significant resistance between EMA160 and EMA200; until that's broken, high-level shorts still have potential.

The daily chart tells a similar story: the price is facing resistance at the crucial EMA30, while the middle Bollinger Band is providing support near 90,000 for the bulls. Both KDJ and RSI have turned down from high levels, so the daily chart correction is very clear. Operate in line with the trend—timing is crucial, so don't rush in.

Specific levels: If Bitcoin rebounds to around 93,200 or 94,500, you can try shorting, with targets at 91,000 and 90,000.

$BTC $ETH $BNB