December 23rd, early morning BTC market prediction and analysis
Core Viewpoints
In the short term, the focus is on short positions. After BTC price surged to the critical resistance level of 90599.0, it showed obvious pressure and retreated. Currently, it is in the consolidation range of 89900.0, and there is a high probability of continuing the retracement trend during the early morning period.
Technical Analysis and Market Signals
1. Resistance Confirmation: 90599.0 has become a strong short-term resistance. The price quickly retreated after touching it, forming a bearish candlestick pattern of a surge and retreat. There is heavy selling pressure above, and bullish momentum has exhausted.
2. Support and Retracement Space: The target range corresponds to the previous important trading concentration area, with clear support, which is the core profit area for bears.
3. Volume Characteristics: During the surge phase, the volume did not continue to increase. During the retreat process, the selling pressure volume gradually increased, further confirming the short-term bearish dominance.
Short Position Trading Strategy
1. Entry Point: Build positions in batches in the range of 89900-90200. This range is a weak rebound point under resistance and is the core area for short position layout.
2. Stop Loss Point: 90600 (if it breaks the intra-day high, the short-term bearish logic is invalidated, so decisively cut losses).
3. Take Profit Target: First target: 88900-88600
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