12.19 Big Pie Auntie's Morning Thoughts
On the daily chart, the Big Pie has experienced two consecutive long upper shadow bearish candles, ending with a significant drop. Each counterattack by the bulls has been ruthlessly suppressed, with selling pressure shadowing them. The signals of high resistance have already been written on the K-line. Currently, the coin price is closely following the lower Bollinger Band, and the weakness is not accidental but a result of the trend.
Further breaking down from a technical structure, on the 4-hour level, the price is clearly obstructed at the upper edge of the upward channel. It seems there is still some warmth of recovery, but in reality, the momentum has long been exhausted. The three lines of the Bollinger Band are overall diverging downward, the rhythm is straightforward, and the direction of the trend is very clear — the bears firmly control the market.
There is indeed a technical correction demand in the short term, but this feels more like a breather during the downtrend, rather than a prelude to a trend reversal. The height of the rebound is limited, and any surge will only provide the bears with a better entry position.
Little Zhuge's conclusion is very clear: the trend has not changed, weakness does not imply a bottom, and the future market continues to insist on a high short strategy, do not harbor fantasies about rebounds. Even if there is a rebound, it is an opportunity to enter at high positions!
Personal Suggestions
Big Pie: Enter at 85500-86200, target down to 83000, if it breaks, look at 80000, long-term at 74000!
Auntie: Enter at 2850-2880, target down to 2740, if it breaks, look at 2600, long-term at 2400!
