#比特币对比代币化黄金 December 8 Market Watch: Find Opportunities in a Choppy Market, Consider Shorting Near Resistance

Yesterday’s price action was basically in line with expectations. The price first dropped to the 87,800 support, then started to rally and finally stopped near 91,800. The tug-of-war between bulls and bears was very obvious.

Today is the weekly open, and the price has climbed above the 90,000 mark. However, from a cyclical perspective, it’s highly likely to be consolidating in a top region, and there probably won’t be a strong trending move in the short term. It’s more likely to keep swinging back and forth within a triangle consolidation range.

During the day, the price kept pushing up and touched the 91,800 resistance again. What’s the problem? Selling pressure is becoming obvious. More importantly, the OBV volume indicator isn’t keeping up with the price rebound—there’s a clear divergence between price and volume. What does this mean? The rebound isn’t strong enough, and a pullback could happen at any time.

The trading strategy is clear: If the price rebounds to the 91,800-92,000 range, you can directly set up short positions. The first target below is 90,200-90,500. If this support doesn’t hold, then look further down to the 89,000 level.