This round of BTC's V-shaped rebound is really strong. The main players just pulled up the market; how could they turn around and dump it themselves? In the short term, it still looks relatively safe. Of course, if it really gets dumped back down again, I’d honestly be speechless.



The 88,000 support line needs to hold; if it does, things are basically steady. 80,600 is the short-term support for this move. When a key level like this is tested for the first time, it usually doesn’t break right away. Unless something unexpected happens, this range could remain playable for another two or three months.

Currently, the 4-hour chart has already broken through a resistance area once. For the second attempt, keep a close eye on the 93,400 level. After that, there are likely two scenarios:

First, a clean and decisive double-bottom pattern that directly breaks through the neckline, which would set the pace. If it pushes up to around 98,000, observe again and decide whether to short based on the market at that time. But I don't think the 100,000 round number will be easy to break through.

Second, a converging triangle consolidation, with some pressure applied near 93,400. But as long as 88,000 doesn’t break, the overall structure remains bullish.

However, I really don’t recommend chasing longs in the short term—don’t mess around near resistance. If it gets to around 98,000, shorting will offer a much better risk-reward ratio.
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BottomMisservip
· 12-04 17:17
The real question is whether 88,000 will be broken; everything else is just noise. Wait until 98,000 to talk. Chasing longs now is just asking for trouble. Double bottom or triangle? Both seem shaky—it all depends on what the big players want to do. 93,400 is definitely a tough spot; the second attempt will definitely blow up. If the big players really dump it back down, I'll just laugh. This rebound is insane. 100,000? Keep dreaming, the resistance is overwhelming. Short-term safety, my ass; it could rug at any moment. Two or three months? I don't believe you at all—it'll break by Friday.
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LiquidationSurvivorvip
· 12-04 02:38
If 88000 can't hold, I'll just admit defeat. This move looks pretty clear-headed.
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BitcoinDaddyvip
· 12-04 02:36
If 88,000 can't hold, I'll just admit defeat. Anyway, I didn't catch this rebound, took a heavy loss. Are the big players being this aggressive just to make everyone jealous? Now I'm just waiting for 98,000 to short it. You have to keep a close eye on the key level of 93,400, or else you'll get stuck again. Double bottom or triangle? Honestly, I can't really tell, just waiting to take profit. 100,000 is simply impossible; there will definitely be another round of volatility in between. Instead of chasing longs, it's better to just wait for 98,000—shorting then has much better odds. Don't ask me why I didn't catch this V-shaped move—it's because I ran out of ammo. Taking a break in the short term, need to focus on my health.
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