📊 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 ra