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The daily chart shows a bullish engulfing pattern, but don't get cocky; 95 remains the key level.

2025-12-03 14:21:49
Shareshare
The daily chart shows a sharp drop followed by a strong rebound the next day, recovering all of the previous day's losses and closing above the middle Bollinger Band. However, the resistance from the uptrend line (a previous support level) remains, so short positions can be considered around this level. If a breakout occurs, the next key level is near the downtrend line resistance, around 98,000-99,000. The 4-hour chart shows a W-shaped double bottom, and based on the short-term pattern, 90,000 is again acting as short-term support. Short-term long positions should be cautious of this price level; a pullback and hold above this level would be a good entry point. In summary, for Bitcoin, consider long positions around 90,800-90,500 and short positions around 94,800-95,500. If a strong upward breakout occurs, focus on buying on pullbacks to find new support, while keeping an eye on the key 98,000-99,000 area before considering short positions. That's all for today. I will update this article if key levels are broken. The suggestions are for reference only. Please manage risk carefully before entering the market. Manage your profit and stop-loss levels yourself. Specific strategies will be based on real-time market conditions; please consult us for further advice. Alright, friends, that's all for today. Wishing you all continued success and a bright future in the cryptocurrency world! More real-time suggestions will be sent internally. That concludes today's brief update. For more real-time suggestions, click on my profile picture and find me on my homepage. Written by: I am Trader Gege, a friend willing to help you rise again.
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