#加密生态动态追踪 As we enter mid-December, the trend of $BTC seems to be entering a critical battleground — this weekend (December 12 to 14), the market is likely to fluctuate back and forth between $90,000 and $94,000. The final direction will depend on which side wins the battle at key price levels.

The current situation is a bit delicate. The hawkish rate cut expectations from the Federal Reserve are still lingering, and the market is beginning to digest the possibility of a slowdown in rate cuts in 2026. The previously loose liquidity outlook is gradually cooling down. Additionally, spot ETF outflows have been happening recently, causing institutional investors to become more cautious. A large number of leveraged positions are stuck at key price levels, and sometimes just a small fluctuation can trigger chain liquidations, amplifying the market volatility.

From a technical perspective, $BTC is currently holding at $90,850, with the daily chart firmly stuck at the middle Bollinger Band support at $89,900. If this support is lost, the bears might have a chance. On the four-hour chart, signs of a pullback are emerging, with the lower Bollinger Band at $88,800 looking promising. Interestingly, the daily chart is forming a bearish "bear flag" pattern, with the lower support at $90,000 and resistance at $93,000. However, the weekly chart is showing a "three-candle decline" pattern, hinting at a possible trend reversal — a tug-of-war between bulls and bears is intensifying here.

The key point of judgment is: if the $90,000 defense holds and the price further stabilizes above $94,000, the bears might be squeezed, and the short-term target could be around $96,000. Conversely, if $90,000 is effectively broken, the next test will be the critical support zone at $88,000 to $89,000. Should this support also break, the downside space could open up completely, with a potential dip toward around $67,000.