Pancake Afternoon Market Interpretation and Key Decisions

It is now 15:00 on December 23, and the Bitcoin price is at 87525, slightly up by 0.14%. But don’t be misled by this small increase; key signals are hidden in the indicators.

First, the position is awkward. The current price of 87525 is firmly suppressed below the middle band of the Bollinger Bands at 88711, far from the upper band at 90381 but very close to the lower band at 87040. This indicates that the overall situation is in a weak oscillation range, and each rebound may just be a re-test of the pressure at the middle band.

Second, the indicators are the soft underbelly. Looking at the MACD below, the DIF line is at 347, the DEA line is at -180, and the MACD histogram is at -333. Although the green bars are shortening, both DIF and DEA are below the zero axis, which is a typical feature of a bearish market. Any rise at this point can only be defined as a rebound, not a reversal.

Bull Brother's Clear Strategy and Points

Based on the price running below the key moving averages and the MACD being in the bearish zone, the short-term structure leans towards bearish. The strategy should take a short position on rebounds rather than buying at the bottom.

Short entry area: 88000 - 88200, this area is an important resistance zone below the middle band of the Bollinger Bands and is also a small platform from the previous period. If the price rebounds to this level, it will confirm the effectiveness of the middle band pressure again, making it a relatively good short position for profit and loss.

Stop loss set at 88600, placed slightly below the middle band at 88711. If the price strongly breaks through the middle band, the short-term weak pattern may be disrupted, and shorts must exit.

First target: 87000. Looking towards the lower band of the Bollinger Bands near 87040.

Second target: 86500. The extended target after breaking below the lower band of the Bollinger Bands.

If the price directly drops below the support around 87300, the bearish momentum strengthens, and consideration can be given to lightly pursuing shorts, but stop losses must be strictly set above 87800. Conversely, if the price unexpectedly breaks through strongly and stabilizes above 88800, abandon the short view and turn to a wait-and-see approach.

Still, that said, feeling confused and helpless about when to enter? Follow Bull Brother, and let him guide you through the market! #BTC走势分析 #比特币流动性