On December 14, 2025, Bitcoin showed a narrow fluctuation during the afternoon, positioned at a key directional choice node, with a tug-of-war between bulls and bears. Detailed analysis is as follows:

1. Price and Key Levels: The afternoon price fluctuated in the range of $90,000 to $92,000, returning to the psychological level of $90,000. The key resistance zone above is $94,150 to $94,236, and a breakout could lead to $96,000 and $100,000; the initial support below is at $90,000, and if it breaks, it may test the $85,900 to $86,300 area. Losing $89,000 could damage the rebound structure.

2. Technical Indicator Signals: The daily MACD shows a bullish signal, but the RSI has not effectively broken through the midpoint of 50, indicating weakening upward momentum; the 4-hour chart formed a triangle consolidation at the end, constrained by a downward trend line, with expectations of a 'double top' pattern emerging. There is a clear divergence in short-term bullish and bearish signals, and the trend remains unclear.

3. Overall Market Situation: The Fed's interest rate cut benefits have been digested in advance, coupled with weak earnings reports from U.S. tech stocks dragging the market down, leading to decreased liquidity, with traders generally remaining cautious. On-chain data shows that institutional 'whales' continue to accumulate, retail positions remain stable, but altcoins are generally correcting, with funds flowing back to Bitcoin for hedging. The core focus of future trends is on the breakthrough of the $94,200 resistance and the stability of the $90,000 support.