Btc once again "bulls back overnight", but don't let the jumping K-line lead you by the nose. Careful traders will notice that yesterday's big rise was not accompanied by trading volume.

There are two reasons for this phenomenon:

1. Leverage liquidation has led to a chain reaction of rising prices, driven by the contract side.

2. The drop on Monday was too severe, and the past few weeks have seen significant declines, creating a vacuum of sell orders above. The temporary supply exhaustion means that even a little buying volume can push the price up.

So what now? Should we go long or short?

Hold back those eager hands wanting to FOMO; it’s better not to be too aggressive at this stage.

1) If Bitcoin breaks 93880, and even pushes up to 94, it can be seen as a confirmation of a rebound. Because after reaching this price range, even if it drops by 2%, it still stands at the previous high of around 92. If Bitcoin continues to rise in a bloodsucking manner, meaning Bitcoin leads the altcoins, then it can be seen as a medium-sized rebound on the daily level. Targeting 99-100.

2) If it fails to break through the key fair value range here, I tend to expect consolidation. As everyone adjusts to the weekly charts, Bitcoin has experienced more than a month of decline. Historically, after such a prolonged one-sided trend in Bitcoin, it often gives a period of consolidation to determine the direction. At this time, it may be necessary to pay attention to some small coins that are making moves, whether they go up or down.

The market has been bad lately, and those so-called traders on Twitter haven't been making much noise, which has made my information flow very quiet, clearly feeling the market trend.

For example, today’s rise, on December 2nd, dropped to 84000, quickly recovered, forming a very obvious head and shoulders bottom. So as soon as it recovered, I closed my short position and waited to see. Including the short around 91, it also had a very clear sense of rhythm.

Do not be influenced by public opinion; everything should start from the facts on the chart, have your own book $BTC #BTC走势分析