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Futures
Futures
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NEW
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Lending Center
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VIP Wealth Hub
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
Staking
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BTC Staking
HOT
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GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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12.16 Morning Review: The rebound is just a trap
Currently, Bitcoin's four-hour chart has broken below the lower Bollinger Band, with the channel continuing to expand, indicating a strong bearish momentum. On the daily chart, it remains deep within a downtrend, and although the MACD indicator's green histogram is shrinking, the bearish dominance has not been shaken, and a clear sign of a trend reversal has yet to appear. Continue to operate with high shorts.
Bitcoin suggestion: Short in the 86,800-87,500 range, target down to 85,000, long-term target 83,500.
Second Bitcoin suggestion: Short in the 2,970-3,000 range, target down to 2,910, long-term target 2,660.