12.16 Morning Analysis
Last night, the price of Bitcoin declined all the way down, rebounding after hitting around 85000. The previous night’s high short strategy accurately hit the target.
From the 1-hour chart, Bitcoin rebounded after touching the lower Bollinger Band and is moving towards the middle Bollinger Band. The KDJ three lines formed a golden cross upwards, and the MACD bearish momentum is gradually decreasing, indicating a short-term rebound trend. However, the daily chart shows that Bitcoin continues to operate at the lower Bollinger Band, with the KDJ three lines pointing downwards, and the MACD shifting from bullish momentum to bearish momentum, indicating that the overall direction remains bearish.
Operation Suggestions:
• Bitcoin: Short near 86500 - 86800 in the morning, targeting around 85500 - 84500.
