2025-12-07 02:21:19

Here’s the Bitcoin market review for December 7.

On the weekly chart, the main focus is whether the 2-day moving averages can complete a golden cross below the waterline. On the daily chart, a hidden pattern has already formed, so next we’ll see if the 12-hour chart will show a death cross below the waterline. Looking further down, the 4-hour chart is already underwater, and both the 2-hour and 1-hour charts are consolidating at the bottom below the waterline.

Specific levels:
Key resistance above: 90320, 91509, 92299
Key support below: 88339, 87324, 86241

On the data front, the current BTC long/short ratio is 1.85, with the market fear index at 20 (extreme fear zone). The actual trading long/short ratio is 49:51, and the overall market long/short ratio is 43:57, with shorts having a slight edge but not significantly.

As always—no trade without a setup, no open positions without a stop loss.

*The above is my personal market review and does not constitute investment advice.*

BTC2.52%

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Hash_Bandit

· 12-07 02:51

lol watching those 4h candles grind at the bottom... this is giving early 2023 vibes ngl. that 88k support better hold or we're in for a wild ride down

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EthMaximalist

· 12-07 02:51

It's another bottoming process. Will it really break through this time, or is it just another fake-out?

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BearMarketSunriser

· 12-07 02:49

Grinding the bottom again, can it really bounce back this time? Or will it continue to fall below 86?

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WhaleStalker

· 12-07 02:48

What I hate most about bottoming out is the waiting. Why hasn't it broken out yet? Wait, the short positions are only at 57, isn't that obvious? I think it's time to get out. If 90320 can't be broken, then you really need to watch the following positions closely.

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FlashLoanKing