12.6 BTC Market Analysis by Yang Yi:
Last night, Yang Yi led his partners to a great victory in shorting the market, capturing the big moves and exiting early on the rebound; Bitcoin fell from a high of 93100 in the early morning to a low of 87976 at night, a drop of nearly 5200 points; the second currency also followed suit, moving down from the position of 3227 in the early morning to a low of 2978 at night, dropping over 220 points. Overall, yesterday was a one-sided downtrend, with significant declines.
In the 1-hour chart, the middle and lower bands of price fluctuations have been moving downwards, and after the price broke below the lower band, there was a small influx of funds that attempted to push up the rebound, but it couldn't gain momentum.
Trading suggestions for Bitcoin: Consider shorting around 89700, with an initial target of 88200; if it breaks below that, continue holding in line with the trend.
Ethereum: Consider shorting around 3040, targeting around 2975; if it breaks below, follow the trend.
