#美SEC促进加密资产创新监管框架 BTC Price Analysis for the Evening of December 5

Looking at the hourly chart, the bear flag pattern has already broken down. The most critical resistance above is at 92,700; if it can’t break through, it will be difficult to move higher.

On the downside, there is a confluence support around 90,700 on both the hourly and 4-hour charts. This level must hold; if it’s lost, BTC will likely test the 90,000 mark. If 90,000 can’t hold either, the situation won’t look good.

As long as the recent low from the early morning wick isn’t broken, there’s still room for a rebound. Ideally, the price will find a bottom near 90,800, form a double bottom structure, and then rebound.

Tonight’s strategy: consider entering long positions in the 90,300-90,800 range, targeting the 92,600-93,600 range. $BTC $ETH