$BTC Today is December 3rd, and there are only 3 days left until December 6th. The current market is in a volatile downward trend with pressure from the top and bottom, and the lowest point has reached 94,300. This is consistent with the analysis and prediction of the market on Monday (Figure 2)
In the 4-hour chart, the entire K-line pattern is currently in a "triangle contraction". The last wave of the market reached 94,300, and the next point is 93,000 points (Figure 1). Once this point is broken, the "triangle contraction" pattern will be broken, and the market will go to around 88,500.
Starting from August 5th, BTC has been ahead of the strong support point for the monthly large cycle callback, so everyone should not keep a close eye on 88,500. Spot should be arranged in advance and enter the market in batches.
Contract players: In a volatile market, high-altitude and low-multiple entry points can all make considerable profits
But it should be emphasized that the more the market moves towards the strong support of 88,500 and forms the last bottom of the "double peak", pay special attention to the market's early change. So don't be too obsessed with 88,000-89,000. When the market is close to 90,000, you should focus on low-long.
Also pay attention to the release of non-agricultural data on December 6, and there is a high probability that the market will change after this release.
