Leisurely KOL: Bitcoin Evening Market Analysis 12.16

Recently, Bitcoin's daily chart has shown a continuous downward trend, forming multiple large bearish candles, indicating strong bearish momentum. In the 4-hour cycle, the price is fluctuating at a low level with a slight rebound, but overall it remains in a downward channel, failing to break through the previous high resistance. The MACD continues to operate below the zero axis, the histogram is shortening but still negative, indicating that bearish momentum is weakening but has not yet turned to bullish. The RSI value is close to the oversold area, indicating a technical rebound demand, but the strength is limited. The current price is below the EMA7, EMA30, and EMA120 moving averages, and the moving averages are in a bearish arrangement. It is recommended to enter bearish positions during the rebound at high levels in the evening.

Operation suggestion: Enter bearish positions for Bitcoin around 86800 to 87300, target around 85000; for Ethereum around 2940 to 2980, target around 2850. Market conditions are constantly changing, and the article is time-sensitive. Friends entering the market should rely on real-time guidance: #BinanceABCs $BTC