In the early session on December 9, BTC is hovering around $90,000, which is a pretty awkward position right now.

The technicals look quite contradictory. The 4-hour MACD just flashed a golden cross, which should signal a short-term rebound, but trading volume simply hasn’t followed through. What does this mean? Big players are sitting on the sidelines, and no one dares to go in heavy.

Looking at the macro side is even more frustrating. In the US, employment data came in surprisingly strong, and core PCE inflation is still stubbornly high. This basically crushed the market’s hopes for rapid Fed rate cuts. As the dollar strengthens, risk assets like BTC naturally come under pressure.

Everyone’s watching the $90,000 level. If it holds, it’s support; if it breaks, we’ll probably have to look for a new equilibrium lower down. This round number is not only a psychological level but also a real technical dividing line.

Here’s my personal take: if you’re a medium- to long-term trader, don’t rush to chase highs. If there’s a deep pullback, you can consider building positions in batches around $83,700 and $80,500. Looking further ahead, as long as BTC can hold steadily above $90,000, there’s still a decent chance of a run at the $100,000–$105,000 range.

One last reminder: no matter what, stick to the two iron rules—light positions and stop-losses. The Fed interest rate decision is coming out this week, so keep a close eye on it. That’s the real big variable.