12.16 Intraday Analysis

Yesterday, Bitcoin traded sideways in a narrow range during the day, then experienced a sharp decline at the 89,800 level, dropping to around 85,000 before barely rebounding weakly. The entire day saw a decline of nearly 4,800 points, currently oscillating at a low around 86,000 for recovery. Yesterday's strategy was to short, and this wave of decline has basically been fully realized, once again achieving precise harvesting.

From a technical perspective, the 4-hour chart has already broken below the lower Bollinger Band, with the Bollinger Bands opening downward overall. After breaking the band, there was no significant rebound, and the price remains near the lower band; the MACD remains in a death cross, with the green bars continuing to expand, indicating that the bearish momentum is still releasing; although the KDJ has entered oversold territory, no effective golden cross has formed, suggesting limited rebound strength and a warning of the possibility of being pushed to new lows at any time.
Operation suggestion: Rebound to around 86,500-87,300, with a target of 85,000, and a break below to 83,000.
Sentiment suggestion: Rebound to around 2,980-3,020, with a target of 2,900-2,800.