December 17 Bitcoin (BTC) contract technical analysis: Today, in terms of the larger cycle, the daily line level closed yesterday with a small bullish line, the K-line pattern shows a continuation of bearish followed by one bullish, the price is below the moving average, and the auxiliary indicators are running with a death cross. The overall trend of decline is very obvious, but it is important to note that the continuity is relatively poor, so trading should still remain short-term, and one must not go against the trend or be greedy; the short-term hourly chart showed overall fluctuations yesterday, with a high point in the 88200 area and a low point in the 86000 area. The current K-line pattern shows a continuation of bullish, but the auxiliary indicators are showing a death cross downwards. The four-hour chart indicates clear resistance at the daily line level, so the evening's thoughts should remain bearish.
Therefore, today's BTC short-term contract trading strategy: short on a pullback to the 87650 area, stop loss at the 88200 area, target at the 86000 area;
