End-of-year morning market observation:



Bitcoin is currently holding steady around $88,400, with the market continuing its pattern of fluctuations but maintaining an overall upward trend. From the 4-hour candlestick chart, the price has remained above the EMA5 and EMA80, indicating a relatively complete bullish setup.

The $88,000 level is very critical—six key moving averages are clustered around this point, combined with support from the middle line of the Bollinger Bands, forming a solid "wall." This provides a good foundation for subsequent upward movement. Looking at the indicators, the MACD golden cross is still widening, with the DIF value (118) far above the DEA value (56), and the red histogram has expanded to 126, indicating that short-term bullish momentum is building.

The Bollinger Bands also support this trend. The price is currently at the middle line, with plenty of room to break upward toward the upper band. Trading volume is also cooperating—volume increases significantly during upward moves, and during pullbacks, volume contracts in an orderly manner, suggesting market chips are relatively stable, a typical sign of potential breakout.

Multiple attempts to test lower support levels during the session have not broken through. Each time the price pulls back to the middle line, it quickly rebounds, reflecting that the buying pressure below is not weak.

Trading strategy:
#数字资产市场动态 go long around 88,000-87,200, targeting the 89,200-90,800 range
$BTC go long around 2,955-2,930, targeting the 3,010-3,055 range
BTC1,14%
ETH0,8%
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LayerZeroHerovip
· 4h ago
This wall at 88,000 is really solid. The bullish pattern indeed has no issues; the question is whether it can hold up to 90,800.
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TokenomicsShamanvip
· 4h ago
The 88,000 mark is indeed solid. Looking at the chart, it seems like there's still room to keep winning.
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ImpermanentPhilosophervip
· 4h ago
This wall at 88,000 really held up. I bet this wave can break through 90,800.
View OriginalReply0
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