📊 Morning of December 7: Bitcoin #BTC Market Comprehensive Analysis and Latest Support and Resistance

The current market signals are mixed, and the market is at a critical juncture for direction selection.
• Bearish signals: On the technical chart, the price is running below all major moving averages, forming a bearish alignment and showing a weak short-term trend. At the same time, spot ETFs continue to record net outflows, indicating temporarily weak institutional demand, which puts pressure on Bitcoin's upward momentum.
• Bullish signals: There is strong support in the $88,000-$89,000 range, with buyers actively defending this level. In addition, open interest in futures has rebounded after price stabilization, showing that market participation remains and traders have not completely exited. In the long run, potential positive factors still exist, such as possible supportive cryptocurrency regulatory policies from the Trump administration, as well as the historical pattern of price increases following halving cycles, both of which provide support for the medium- to long-term outlook.

💎 Summary and Reminder

In summary, Bitcoin is currently in a key area of fierce competition between bulls and bears. For short-term operations, you can refer to the above support and resistance levels for buying low and selling high, but be sure to use light positions and set stop-losses. Medium- and long-term positioning requires more patience, waiting for the market to provide clearer direction signals either in lower price regions or after key resistance is broken.
Hope this information helps you make a decision. Please note, the cryptocurrency market is extremely risky with violent price fluctuations—make all decisions independently and weigh them carefully. $BTC