December 16 BTC Trend Analysis:
The Bitcoin bears have exerted downward pressure as expected, showing no signs of reversal. The core strategy for the day remains firmly bearish, with the downward trend continuing. How much of the over 4000-point profit space from yesterday did you capture?
Today's Market Analysis: After experiencing an initial decline, Bitcoin rebounded to around 86500 but faced downward pressure again, highlighting the extremely weak rebound strength, which has not impacted the overall bearish trend. Any future rebounds will present excellent opportunities to position short trades.
From a technical perspective, the overall trend presents a weak downward pattern. On the 4-hour chart, the Bitcoin price has directly broken through the lower Bollinger band and is still operating within a downward channel. The short-term rebound was quickly absorbed by bearish forces, maintaining a complete bearish formation, with no signs of a bottoming out in the short term.
Recommendation: Position short trades directly around 86500 upon rebound, without hesitation, targeting the 84000-82000 range. Strictly manage your position size and trade in line with the trend.
