12.15 Idea Sharing
Reviewing the weekend market, Bitcoin broke the previous consolidation pattern and entered a downward trend—prices directly plunged to around 87500 before triggering a short-term rebound. The rebound high briefly touched the 90000 integer mark but failed to hold, quickly retreating, making the 90000 line a key resistance level for the short-term rebound.
From the hourly Bollinger Bands perspective, the channel is overall in a downward diverging state, with all three lines extending downward simultaneously. This pattern visually confirms the continuity and strength of the short-term bearish trend. Although prices briefly broke through the middle line earlier, the rebound strength was not sustained, and before reaching the upper line, it quickly fell back. The upper line poses strong resistance above the 90000 mark; simultaneously, as prices decline, the lower line continues to expand downward. Under the overall technical structure, the bearish dominant pattern is clear, and short-term rebounds can be viewed as opportunities for short positions.
btc: Short near 90500–91000, targeting around 88200–87000;
eth: Short near 3150–3190, targeting around 3030–2960.
The above views are for reference only. If your current operations are not ideal, I hope Shuyan can help you avoid detours in your investments. Feel free to reach out for communication.
