🚀 December 4th BTC Midday Trend Analysis

Bitcoin has broken through 93,714 with volume. If the hourly candle closes solidly above this level, you can go long on the right side; if it fails to hold, stop out and exit. If 92,880 is broken downwards with volume and the rebound fails to reclaim it, consider going short on the right side, and remember to set stops and monitor volume.

If a false breakdown occurs at 91,688 and then price reclaims it, you can add another long position, with stops set at the false breakdown low or below 90,681. If it fails to reclaim, do not stubbornly go long.

If the hourly level breaks and holds above 93,592, look for targets at 94,573–95,583–96,677. If 93,592 is broken, continue to be bullish. For shorts, pay attention to 96,088 above—if there’s a 2B false breakout, you can short, and if it breaks and holds above 97,351, stop out.

Conservative players can wait to go long near 90,457 and stop out if it breaks below 89,229.

Bitcoin’s hourly highs and lows are all trending higher—do you still want to short against the trend? At least I don’t see any sign of weakness. Were you spooked by yesterday’s big bearish candle on massive volume?

If you understand volume-price action, you wouldn’t be scared. Volume surged, but did the price follow? Compare how much price dropped after previous volume spikes—this time, it barely dropped at all—a classic case of high volume with little price movement, or volume-price divergence. You could say the big players are trying to shake you out. The drop landed right on the 91,953 support and immediately rebounded, even reaching a new high. Did you get shaken out by that bearish candle?

Remember today: as long as the pullback doesn’t break below 91,953 (the bullish trend segment marked by the big red box), the bullish pattern remains intact. If it breaks out of the triangle and moves above 94,000, just wait for it to test 96,000. Only if it breaks below 91,953 will the decline continue, with a potential bottom around 90,200. If it breaks 90,200, this bullish trend will truly reverse.

If it retests 91,953 again, just go long, and exit if it breaks down. Remember, the current trend is bullish—don’t trade against it. The only thing to fear is missing out—follow the right people to win for life. Bears, it’s time to adjust your thinking!

Stop blindly shorting. Right now, shorts can only profit from pullbacks; unless key levels are broken, you can’t expect a bigger move.

Resistance above: 93,592 / 94,573 / 95,583
Support below: 92,621 / 91,651 / 90,718
On the 4-hour chart, if 92,543 is broken, look down to 91,666–90,204.

Meeting adjourned.