12.24
Multiple indicators indicate that bulls are weak, and intra-day operations should continue to short high and long low.
Reviewing the intra-day trend, after Bitcoin prices touched a low of 86600 in the evening, a technical rebound occurred, but the rebound momentum faced resistance at the key resistance level on the 1-hour chart. Currently, the price is facing joint suppression from the upper rail of the 1-hour channel and the MA60, MA90, and MA280 multiple moving averages.
The upper rail of the BOLL on the 1-hour level is narrowing down, indicating that the rebound space above is limited; the MACD green bars are narrowing, and the DIF and DEA are about to golden cross, showing that short-term bearish momentum has weakened, but the KDJ indicator has shown a top divergence turning signal, suggesting that the rebound may be nearing its end.
On the 4-hour level, the trend remains under pressure, the BOLL lower rail continues to extend downward, and the middle rail exerts strong pressure on the price. The MACD red bars are contracting, and the DIF/DEA maintains a death cross opening downward, indicating that the medium-term bearish trend remains unchanged, and there is a high probability of short-term oscillation downward. The overall strategy remains to "short on rallies."
Bitcoin is consolidating around the rebound at 88100, laying out orders near 90100, targeting around 87090 and 86500.
