📊 Morning of December 4, Bitcoin #BTC Latest Market Update

Bitcoin has successfully achieved a V-shaped reversal, rebounding strongly from the December 1 low near $83,800 and reaching above $94,000 at its peak. This rally has improved daily technical indicators, with the MACD forming a golden cross, and the price climbing back above the 100-hour simple moving average. However, the overall market sentiment remains cautious, with the Fear and Greed Index at 28, placing it in the "Fear" zone. The main drivers behind this movement include expectations of future Fed rate cuts, renewed institutional optimism towards crypto assets (such as Bank of America recommending clients allocate 1%-4% to cryptocurrencies), and whale addresses resuming Bitcoin accumulation after the price drop.

💎 Comprehensive Suggestions and Reminders
All in all, current market sentiment has somewhat recovered, but the price is at a critical decision point and caution is warranted.
• Watch for Breakout Validity: Closely monitor price action in the $93,500 - $94,200 key area. Whether the price can break out with volume is a crucial factor in judging the potential for further upward movement.
• Control Position Sizing: It is recommended to use only a small portion of your total capital (such as 1%-3%) for short-term trades to avoid heavy positions.
• Pay Attention to Macro Events: Be sure to closely watch upcoming US economic data, Fed policy moves, and institutional capital flows. Any unexpected news could trigger significant market volatility.
We hope this detailed analysis based on the latest market conditions can help you make prudent decisions. Please note that the market is highly volatile; the above analysis is for reference only and does not constitute investment advice. $BTC