Technical analysis by lixing_gan about Symbol BTC on 12/3/2025

Fundamental perspective: Bitcoin (BTCUSD) is attempting a cautious rebound, but subdued ETF flows suggest investors remain wary. The Fed injected 38.5 bln USD in liquidity through repo operations, one of the largest boosts since 2020, sparking renewed optimism across risk assets. With quantitative tightening ending, expectations of a looser financial environment are rising, providing a potential tailwind for crypto. Technical perspective: BTCUSD bounced off the 85,000 support and is now testing the ascending channel’s upper bound and resistance at 94,000. A breakout above 94,000 may extend bullish momentum toward the psychological resistance at 100,000. Conversely, a move below 85,000 may trigger further downside toward the subsequent support at 81,000. By Li Xing Gan, Financial Markets Strategist Consultant to Exness