CRYPTO MARKET UPDATE
1. Bitcoin Support Levels: $94,000 and $90,500 are strong support levels (this means there are buyers at these levels).
2. Bitcoin Resistance Levels: $99,000 and $104,000 are strong resistance levels (this means there are sellers at these levels, so Bitcoin may face selling pressure here).
Since the market depends heavily on Bitcoin, we've provided this update. Based on this, you need to make your own plans for managing your funds.
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Analysis:
For Bitcoin, the key support levels are at $94,000 and $90,500, while the resistance levels are around $99,000 and $104,000.
On December 5th, Bitcoin formed a Doji candle, with a high of $104,000 and a low of $90,500. These levels are now critical for Bitcoin's price action. If the $104,000 level is broken, Bitcoin could see further bullish momentum. However, if there's a daily closing below $90,500, the price could drop to $80,000.