Bitcoin’s price action for the week of December 4 is worth watching.

On the 2nd, a bottom pattern appeared on the weekly chart, and this structure has been confirmed. Currently, the price is hovering below the 12-hour EMA zero axis, and a death cross just occurred on the 2-hour chart, indicating obvious short-term pressure.

Key levels to note:
On the upside, resistance is at 94222, 95153, and 96423.
On the downside, 92498, 91509, and 90764 are the support range.

Let’s look at market sentiment—
BTC long/short ratio is 1.32, fear and greed index is 26 (still near the boundary between greed and fear).
In live trading, longs/shorts are 47:53, and across the network data is 50:50, so the long and short forces are basically balanced.

As always: If the pattern isn’t clear, don’t act rashly; don’t open a position without a stop loss.