12.23 Yun Ge｜Tuesday Bitcoin Morning Review
In the early hours, Bitcoin faced resistance at the 90000 level and fell back, reaching a low of 87800, with a drop of nearly 2200 points before stabilizing. It is currently oscillating around 88500.
From a 4-hour perspective, the price of the currency has repeatedly attempted to break through 90000 but has not been able to effectively hold above it, indicating that bullish momentum is clearly under pressure. The MACD green bars have shrunk, forming a death cross and turning downward, with selling pressure concentrated above. As long as 90000 is not broken, the short-term structure remains bearish, and the operational strategy should focus on short positions.
Operational Suggestions:
Bitcoin: Short positions in the 90500–90800 area
Target: 87800–87500
If it breaks below 87500, further downside to 86800
