On Wednesday, December 4th, Lao Mou's BTC market analysis:

BTC fluctuated around 95000 this week, with a relatively weak direction compared to last week. It rebounded several times to the hourly upper rail of 97000 without stabilizing and then repeatedly tested the bottom. At the same time, it continuously refreshed the low point, providing a good short-selling opportunity. Laomu also reached the target position multiple times in the real account. Laomu congratulates all the real account coin friends here.

In the short term, BTC has tested the lower track multiple times to explore the low point, but has not formed a one-way move. The middle track of the daily candlestick has also been broken multiple times, but has not formed a one-way move. And the rebound is also relatively strong, so we can focus on the upper resistance at 97500 and the lower support at 92000.

In the technical indicator, the four-hour and one-hour BOLL moving averages are arranged in a downward divergence, with the MACD shorts energy shrinking. The Bollinger Bands have an opening trend, accompanied by a relatively long lower wick. In the short term, the high control is the main focus, with low positions as a supplement.

BTC midnight get on board direction: retracement around 94000, looking to 96500-97000 range, if resistance above is not broken, consider entering short for a retracement wave.#BTC