📊 Morning of December 4, Bitcoin
#BTC Latest Market Update
Bitcoin has successfully achieved a V-shaped reversal, rebounding strongly from the December 1 low near $83,800 and reaching above $94,000 at its peak. This rally has improved daily technical indicators, with the MACD forming a golden cross, and the price climbing back above the 100-hour simple moving average. However, the overall market sentiment remains cautious, with the Fear and Greed Index at 28, placing it in the "Fear" zone. The main drivers behind this movement include expectations of future Fed rate cuts, renewed institution