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Market outlook for BTC on December 3
Last night's rebound has reached the previous resistance level (around 92282), but the subsequent bullish candlestick shows a明显减弱 in strength, even accompanied by a bearish candlestick indicating a pullback, highlighting the heavy selling pressure above, and the bullish momentum is clearly lacking.
The current market is still in a strong recovery period following the previous significant drop. The short-term rebound is more inclined to be a technical pullback after an oversold condition rather than a signal of a trend reversal. The pressure line above has not yet relieved its suppressive effect on the price movement. If the market cannot quickly break through this key resistance level, it is highly likely to face selling pressure and fall back into the previous adjustment range.
BTC trading suggestion: around 92500-93300 for a short, looking down to around 91100-89900, if it breaks then continue looking down to #十二月行情展望 #GIGGLE和PIPPIN强势上涨