#数字货币市场回调 December 2 Bitcoin market review:

From the market perspective, the current price is pressed below the middle Bollinger Band, with short-term sellers in control. The middle band has turned into resistance, and although the channel is widening, the price has not approached the lower band, indicating a weak consolidation rather than a one-sided crash. In the moving average system, the 7-day exponential moving average closely follows the price, providing support, but the 30-day moving average, in conjunction with the middle Bollinger Band, forms a clear resistance in the 88700-89200 range. Without breaking through this range, it is difficult to say that the trend is strengthening.
In terms of MACD, both DIF and DEA are negative, and the 4-hour cycle is still in adjustment. The histogram value is relatively large, indicating that the downward momentum may weaken before bouncing back. It is not advisable to rush to bottom-fish before the golden cross signal appears. The KDJ indicator is hovering in the weak range of 20-50, and the RSI reading is only 44.49, indicating that buying power is clearly insufficient. The short-term trend is bearish, but the downward space is already limited.
The funding aspect does reveal some insights—during the price correction, there was actually a net inflow of 589 million USD, indicating that capital is being accumulated at lower levels, which will restrict further declines. However, the technical indicators are bearish while the funding indicators are bullish, leading to increased divergence between the bulls and bears. Market sentiment has shifted from previous excitement to a wait-and-see approach, and now we are just waiting for a directional choice.
Trading idea reference: consider lightly shorting in the 87300-87800 range, with targets at 86500 and 85800. The strategy is time-sensitive, market conditions change quickly, and execution must be decisive.
$BTC