12.17 Qin Feng Morning Analysis

Currently, the situation in the four-hour chart for Bitcoin is fraught with danger! The previous price broke below the lower Bollinger Band, and the channel expanded, allowing bears to rampage for a time. Now, although the price has risen above the middle Bollinger Band and is approaching the upper band with an expanding opening, and the KDJ three lines are in the bullish zone, this is highly likely to be a false signal to lure buyers. The bullish strength may have reached its limit, and the probability of a short-term correction has greatly increased, with a growing bearish sentiment in the market.

Short Bitcoin in the 88500-87500 range, targeting around 86500-85000. If it breaks below, it can continue to probe lower! #BTC走势分析