Xiao Yao KOL: Bitcoin afternoon market analysis 12.1

The daily level of Bitcoin shows that the price continues to decline, forming a series of bearish candles, demonstrating a clear weak trend. After a sharp drop in the 4-hour cycle, there was a slight rebound, but overall it remains in a low-level oscillation state, failing to break through the key resistance point. The MACD histogram remains negative and is expanding, with the fast and slow lines crossing downwards, indicating that the bear power is dominant. The daily level also shows a deepening negative MACD, with the trend leaning bearish. Currently, the price has fallen below the EMA7, and both EMA30 and EMA120 moving averages show a bearish arrangement, indicating that the overall trend is still bearish. Following the trend, it is recommended to enter short positions during intraday rebounds at high points.

Operational suggestion: Enter short positions for Bitcoin around 86500 to 87000, with a target near 84500. For Ethereum, enter short positions around 2840 to 2880, with a target near 2750. Market conditions are constantly changing, and the article is time-sensitive. Friends entering the market should follow real-time guidance #加密市场反弹 $BTC