On the evening of December 8, 2025, BTC is in a consolidation phase with intense tug-of-war between bulls and bears. Breakouts or breakdowns at key levels will determine the short-term trend. Specific technical analysis by Mr. Wan:

1. Overall Trend and Key Levels: BTC rebounded from a low of $87,800 in the morning to $91,700 before pulling back and consolidating, returning above the $90,000 mark. In the short term, the key resistance is at $91,700. If a strong bullish candlestick breaks through this level, the price is likely to test the $93,500 - $94,000 range. On the support side, $88,000 is the primary defense; if this level is broken, the next strong support is at $86,500, and further breakdown could see a pullback near $83,800.

2. Daily Chart: The price has rebounded and broken through the daily midline resistance, running above the 5-day moving average, and the candlestick has broken above the EMA15 trend line at $90,800 and the Bollinger Band midline at $89,500. However, the EMA trend indicator still maintains a bearish bias overall, with strong selling pressure around $91,300. The "death cross" formed as the 50-day moving average crosses below the 200-day moving average also signals a risk of a weakening medium-term trend.

3. 4-Hour Chart: The candlestick has broken above the EMA120 trend line at $91,500. The Bollinger Bands are flattening and narrowing, indicating a balance of short-term bullish and bearish forces. MACD is about to finish contracting and shows signs of expanding volume. If the price breaks above $92,000, a golden cross between DIF and DEA is likely, which could push the price towards the Bollinger Band upper resistance at $92,800.

4. Shorter Timeframes: The hourly chart also shows narrowing Bollinger Bands, with poor trend continuity and frequent alternating ups and downs, indicating a choppy market. Caution is advised against false breakouts within the range in the short term, as entering without clear signals carries higher risk. $BTC ‌#美联储降息预测