$BTC 12.11 Midday Pancake Strategy

The 4-hour level recorded a solid bearish candlestick and completely covered the previous rebound candlestick; there was no effective volume support when the lower shadow was formed, confirming that the downward movement is driven by active selling pressure, not a technical pullback. The mid-term upward rhythm has been disrupted;

Market sentiment quickly shifted from strong to weak consolidation, with high points continuously declining during the rebound process, and the upward momentum significantly lacking, with bears dominating the short-term trend;

Prices broke below the MA144/MA169 moving average support, the moving average system has turned downwards forming pressure, and the previous rebound momentum quickly faded, further reinforcing the weak characteristics.

Trading Advice: Short near 90500-90800, target: 89500, 89000#美联储降息 #加密市场观察 #BTC走势分析