BTC 4-hour chart shows a large bearish candle with increased volume. Keep a close eye on these key levels.

【CryptoWorld】Market Snapshot (Starting from 20:00 on December 10th, 4H cycle)

Bitcoin has recently been on a strong downward trend. The price directly broke through the midday low of the 10th, dropping again compared to the afternoon of the 9th. It finally closed with a large bearish candlestick, a typical volume-driven decline — trading volume has clearly increased compared to the previous hours, indicating concentrated selling pressure.

Technical Analysis Scan

The MACD shows no clear direction, but the histogram has been lengthening in the negative zone, indicating a clear bearish dominance. The KDJ is currently hovering around 69, with no golden cross or death cross, indicating a neutral state. The MA10 is still above the MA30, but this advantage is shrinking.

It’s worth noting that a gap has appeared, confirming the established downtrend pattern.

Key Price Levels

• Highest point touched: 93,800.83
• Lowest point reached: 89,149.18
• Current support: around 89,222
• Resistance above: 93,819

If you want to position yourself

Long positions can consider: → Aggressive: around 85,386 → Conservative: around 88,942 → Stop-loss set at 88,703

Short positions can consider: → Target 1: 93,819 → Target 2: 94,945 → Stop-loss at 94,269

The current position is a bit awkward; it might be safer to wait for a clearer direction before entering. Both volume and candlestick patterns are speaking; don’t rush to bottom-fish.