12.17 Morning Bitcoin

Yesterday, Bitcoin surged past the key resistance level of 88000 in the early hours before retreating, currently oscillating around 87500.

From a technical perspective, the 4-hour level continues to be pressured at the middle track of the Bollinger Bands, with bullish momentum exhausted and the upward channel completely lost; the three tracks of the Bollinger Bands are synchronously opening downwards, establishing a bearish pattern. The MACD indicator continues to show a dead cross below the zero axis, with green bars continuing to increase in volume, indicating that bearish strength is accelerating. The trend clearly leans bearish; in critical areas, it is better to be cautious rather than attempt to force a breakout, with strict defense measures.

You may consider placing short positions in the 88000-88800 range, with a target down to 86500-86000. If there is a valid breakout, further targets may be set down to 85000. $BTC $ETH #加密市场观察 #BTC走势分析