$BTC A new week begins. Although it’s almost certain that the Fed will cut rates in December, the market remains sluggish. Bitcoin’s rebound after falling from its high has been disappointing. Subjectively, I believe that as long as the daily chart can hold the major support at $88,000, there is still a chance for the price to rebound to $95,000 or even $98,000–$100,000 in the coming days. However, considering the current sluggish market, this rebound may take a long period of consolidation before materializing.

In terms of strategy, continue to participate in the market with light positions. During this period of consolidation, go long at lows and short at highs for short-term trades, while also holding a small portion of spot and medium-term long positions to seize the opportunity for a daily chart rebound.

Daily chart bullish support: 88,000; resistance: 92,000, 95,000.