TechFlow, December 3 — Crypto analyst Murphy (@Murphychen888) stated on social media that Bitcoin surged strongly last night, with the 4-hour candleline significantly deviating above the baseline at $89,923. The price has now reached the fourth expected price level, making it less suitable to chase long positions from the current level in the short term.
The analysis suggests that as long as the price does not fall below $89,923,顺势 trading opportunities may still exist tomorrow. The daily candleline remains below the bearish trendline, but is approaching the trendline resistance at $93,958. A daily close above this level would shift the indicator to a bullish trend, with upside targets at $95,604 and $99,108 respectively.
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