December 17th, Bitcoin Weekly K continues to test the EMA100 daily moving average: Can the bulls hold and rebound again?

Last week, Bitcoin rebounded to around 94,600. Facing resistance at the naked K line, the bears pushed it down below the 9,000 mark. Recently, Bitcoin's price has been hovering near the weekly K EMA line. If the bulls lose this support and the bears continue to exert strong pressure, it will keep testing the bottom support levels. The overall market liquidity is relatively poor, and the main index is in a sideways downward trend. The rebound in the downtrend is just to better liquidate leverage. The key level below the weekly K is around 85,000; if it does not break this level, a rebound may continue towards the 9,000 area to liquidate some bears.

On the daily chart, a double-top pattern has formed, with moving averages gradually trending downward. The daily double needle bottom is near 85,000. This position on the weekly K line indicates that large investors are protecting the market and will not let it break easily. Overall market: multiple timeframe indicators, MACD shows signs of shrinking bearish momentum. Combined with various market indicators, it is highly likely that this week will fluctuate between 89,800 and 84,800. Of course, if the price breaks below the key support level, the market will enter the next adjustment phase. Currently, the market is in extreme fear.

Between greed and fear, cultivating a "calm mind" is what the market excels at amplifying emotions: When profitable, greed encourages you to "add another position"; when losing, fear forces you to "cut losses and exit." The difference between experts and novices often lies in whether they can press the pause button amid emotional whirlpools. Try doing this: *When profitable, ask yourself "Is this truly skill or just luck?" When losing, ask "Is this really a mistake or just market volatility?" If your heart follows the fluctuations of the K-line, your account will become a gamble; if your heart is anchored to rules, all fluctuations are just scenery. $BTC #BTC行情分析 #市场触底了吗？