12.11 BTC: The bears have gone crazy! Is the 88000 target secure?

This morning, when BTC surged to 92600, was someone chasing the long position again?

Yuge has long reminded the community that 'the bears are gathering strength,' and sure enough, after the surge, the bears flipped the table directly, with increased pressure hitting hard, causing the price to plummet straight from 92600, barely stopping at a low of 89400!

From a technical perspective, the bearish signal is clear: on the daily chart, the bulls have completely lost their temper, with volume shrinking smaller and smaller, and the moving averages starting to turn downwards, which is a typical trend reversal signal;

The 4-hour chart is even more severe, with concentrated bearish momentum breaking through short-term support, and now it's almost touching the lower boundary;

The hourly chart is even more exaggerated, with five consecutive bearish candles hitting the market, the bearish continuation is absurdly strong, showing no signs of a pullback!

Now is not the time to hesitate; the bearish trend shows no sign of reversal, and the momentum can continue!

Yuge emphasizes: a rebound near 90500 is an excellent shorting opportunity, this position has strong resistance, keep up with the rhythm and directly short, targeting the 88000 support level!

Trading with Yuge has always been about accurately hitting the market rhythm; the previous short positions have already made a lot, and now a new opportunity has arrived!

Retail investors, don’t operate blindly; hold onto Yuge's leg tightly, join the chat room for real-time point guidance, and let’s seize this bearish market together and earn a fortune! #比特币VS代币化黄金 #美SEC推动加密创新监管 #加密市场观察