#比特币对比代币化黄金 December 5 BTC Market Review

Yesterday, Bitcoin peaked at 94,200 before losing steam, then oscillated downward to around 90,800. This level happens to align perfectly with the support band at the bottom of the descending triangle. Interestingly, trading volume did not increase during the pullback—which suggests it wasn't a panic sell-off, but more of a routine consolidation within the pattern. The bears’ offensive is actually showing signs of fatigue.

Let’s look at a few key levels:

93,000 acted as resistance during yesterday’s rebound, and now it has become the short-term battleground between bulls and bears. If the price can hold above this level, it basically confirms the start of a rebound, with a chance to continue upward.

96,000 is the main resistance at the top edge of the descending triangle, which also corresponds to the previous high. This is the first target for the rebound. Once it breaks through effectively, the entire triangle pattern will be invalidated and the upside will open up quickly.

90,800 was yesterday’s low and coincides with the triangle’s bottom support. If today’s pullback holds above this area, it’s a relatively safe region for bargain buying.

In terms of trading, you can go long if the price rebounds and stands above 93,000, with an initial target of 96,000 for the day; or wait for a pullback to 90,800 and open a light position if it stabilizes, with a stop loss just below 90,000 (if the triangle support is broken, it’s time to cut losses).