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Bitcoin latest situation + support resistance level sharing!!! #BTC $BTC
🎄 Christmas Eve Market Analysis: Volume Reduction Repair, Battle for the 88,000 Level
Latest Situation: Weak Recovery: Compared to the afternoon low of 87,300, BTC experienced a slight rebound after the U.S. stock market opened, currently rising to around 87,800. However, overall, the rebound strength is weak, and the trading volume is shrinking as the holiday approaches.
Key level: The current price is just below the strong resistance zone of 88,000 - 88,200 (previous support turned to resistance).
Current classification: belongs to "a low-volume rebound in a downtrend continuation."
If we can't hold above 88,200 tonight (before the US stock market closes), then this rebound is just to give the bears a better entry point.
Considering that today is Christmas Eve, liquidity will gradually worsen, be wary of the main force creating a "painted door" market (with upper and lower pin bars) under low liquidity.