December 16th, Sister Ting talks about BTC
The current Bollinger Bands are synchronously opening downwards, indicating a strong bearish trend, with the price at 86185.8 closely adhering to the lower band. The bearish momentum is extremely strong. The middle band at 87915.6 is now a strong resistance; if it can't bounce back above it, it will be a retracement. The lower band at 85073 serves as the support at the moment, and if the price breaks below it, the downward space will open up directly.
The price has already broken below the previous high consolidation zone, and now it is oscillating at a low level, still being firmly pressed by the middle band. Recently, the fluctuations have been between 85073 and 89940, and the current price is close to the lower edge, which is a critical decision point. Looking at the MACD, it is clear that the dual lines are likely to cross downwards below the zero axis, and the downward momentum has not weakened at all.
The fundamentals are even more direct, with a net inflow of -582 million over the past 24 hours! Large funds are exiting the market, which is not something retail investors can stir up; it directly confirms the market's selling sentiment. The market is currently extremely bearish, with prices falling, funds escaping, and technical levels breaking down, all three resonating together. Everyone is thinking about selling on a rebound or directly shorting, and no one dares to bottom-fish easily.
The short-term trend has two paths: either after a weak oscillation at the current position, directly breaking down below the previous low of 85073 with increased volume, with the next target looking at 83000-84000; or holding a rebound around 85073, and if it bounces back to 87000-87500, it will be over; if it doesn't touch the middle band, that will be a good opportunity to increase short positions; if it really stands strong above the middle band, the short-term downtrend may pause, but the probability of a direct reversal is low, and it is more likely to continue oscillating at a low level.
Sister Ting's operational advice: short around 86500-87000,
with targets at 85700 and 84200.
The strategy has a time sensitivity, pay attention to the points and don’t hesitate. For those who are unsure, give a like + follow, and consult Sister Ting at any time.
