12.1$BTC Thoughts

The daily trend structure remains dominated by bears. The strength of the short-term rebound is weakening, and there are obvious signs of stagnation, especially as the price repeatedly faces resistance at the key level of the middle band of the Bollinger Bands. The rebound has shown signs of exhaustion, and this morning's plunge has opened a downward channel, with the trend leaning bearish. The operational suggestion is to focus primarily on short positions.

Suggestion: Short around 87800-88500, target 86000-85000