Morning Update on December 5th

​​​ ​​​ Bitcoin is currently near 98,200 after dropping from around 96,000 to near 94,500, then breaking upwards past 99,000.

From the one-hour chart perspective, the candlestick is under pressure from the Bollinger Bands, with a golden cross on the MA5 and MA10 moving averages, and increasing momentum.

Morning Operations:

Bitcoin retracement around 97,700—97,200

Target 99,000—99,800

Altcoin retracement around 3,810—3,780

Target 3,890—3,940

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