📊 The latest market situation of Bitcoin on the evening of November 29, #BTC .

As of November 29, 18:14, the price of Bitcoin (BTC) is reported at $90,567, and the market is in a phase of consolidation after an unsuccessful breakout. The price peaked at $93,080 during the night of November 28 but has since faced pressure and retreated, failing to effectively hold above the key resistance level of $93,000. Today, it has been oscillating overall in the range of $90,000 to $92,000.
• Technical Signal: The 4-hour chart shows that the price is testing the support level of the Bollinger Band middle line (approximately $90,500). The MACD indicator shows signs of forming a golden cross near the zero axis, but the momentum is still not strong. Overall, market volatility is narrowing, and both bulls and bears are fiercely contesting at key levels.
• Market Sentiment and Capital: Market sentiment has recovered from "extreme fear" earlier in the month to a "cautious" state. A positive signal is that the continuous net outflow of the US spot Bitcoin ETF has recently slowed significantly, even showing a net inflow, which alleviates the selling pressure in the market. At the same time, whale addresses (holding over 10,000 BTC) have resumed net accumulation in the $87,000-$90,000 range, indicating that large funds may believe the current area has long-term value.
• Macroeconomic factors: The market's expectation of the Federal Reserve lowering interest rates in December has risen to about 85%, which improves the macro environment for risk assets. However, caution is needed regarding the potential volatility that may arise from the release of the U.S. core PCE data in early December.
In simple terms: the market is accumulating momentum, and the direction is yet to be chosen. If it can break through the resistance zone of $92,300-$93,000 with volume, it may open up a rebound towards $94,000-$96,000; on the contrary, if it effectively breaks below the support zone of $89,000-$90,000, it may drop to the range of $86,000-$88,000.
⚠️ Comprehensive Risk Warning
1. Key level validation: $90,000 support and $93,000 resistance are the lifelines for bulls and bears in the short term, and their gains and losses need to be confirmed with trading volume. Be wary of false breakouts.
2. Event-driven volatility: The Federal Reserve's December meeting and the upcoming release of key economic data (such as PCE) may trigger significant market fluctuations, and it is advisable to strictly control positions before the event.
3. On-chain monitoring: It is necessary to closely monitor the net inflow of the exchange (a sudden increase indicates selling pressure) and the movements of whale addresses.
The market has risks, and investments should be made cautiously. The above analysis is based on public data and technical indicators and does not constitute investment advice. $BTC