12.24 Wednesday Afternoon Bitcoin Market Analysis
The overnight Bitcoin trend first declined and then rose, quickly rebounding after dropping to around 86500, and reaching near 88300 before falling back under pressure. Currently, it is fluctuating around the 87600 range, and the previously set high short strategy has successfully realized profits.
From the 4-hour K-line technical perspective, the price has returned to the track from below the lower Bollinger Band and is showing a trend toward the middle track; the KDJ indicator has three lines turning upward to form a golden cross, and the MACD bearish energy bars continue to shrink, with momentum gradually accumulating. The morning operation suggests focusing on low momentum strategies.
Personal suggestion, for reference only (strictly set defenses)
Bitcoin can be traded around 85800-86500, target 88300-89000$BTC
