#ETH走势分析 Early Morning Observation on December 5

Bitcoin's movement in the early hours was quite exciting. The price kept testing lower, dropping below 91,000 before quickly bouncing back up. However, the resistance above is pretty obvious—it tried several times to break through 94,000 but failed each time.

Looking at the candlesticks, the daily chart closed with a bearish candle. The key support right now is in the 90,000 to 90,600 range, while the psychological resistance at 94,000 remains heavy. In terms of indicators, although the daily chart shows some momentum for an upward push, it still can't break above the zero axis; the 4-hour volume is clearly shrinking. Overall, the market is consolidating, and some short-term correction may still be needed.

So next, if there’s a rebound to higher levels, consider taking short positions at the highs.

Reference strategy:
If Bitcoin rebounds to the 93,000–93,500 area, consider going short, targeting 91,500–90,800.