12.2 Afternoon Analysis

After yesterday's significant market decline, a long lower shadow was observed, suggesting some resistance from the bulls. However, the subsequent small bullish candles showed very weak rebound strength, indicating a technical correction within the downtrend. Each weak rebound serves as a consolidation period for the bears to gather strength, and the core strategy remains to establish short positions at higher levels.

Pay close attention to shorting opportunities when the price touches the EMA30 moving average resistance and the rebound momentum shows signs of exhaustion. Set stop-loss above the recent rebound high or key resistance level. Until clear reversal signals appear, such as a significant breakout of multiple moving averages or MACD returning to the zero line, all upward movements should be viewed as rebounds, with a priority on finding shorting opportunities. The current market clearly indicates a bearish trend, with a loose rebound structure, insufficient momentum, and pressure from moving averages, providing better entry points for further declines during this consolidation phase.

Recommended for Bitcoin: Short in the range of 88200～87200, target: 86200, 85200$BTC #加密市场回调