12.16 Bitcoin Sharing

Yesterday, the Bitcoin spot market maintained a narrow range with slight fluctuations. In the evening, a sudden rapid drop occurred around 89,800, with the price falling straight to about 85,000 before stabilizing slightly and accompanied by a weak rebound. The overall decline was nearly 5,000 points. Currently, the market is consolidating around 86,000 for repair. The high-level short strategy we provided yesterday was successfully realized, achieving the expected profit.

From a technical perspective, the 4-hour timeframe shows a clear bearish structure: the price broke below the lower Bollinger Band but failed to effectively rebound, with the Bollinger Bands opening downward; the MACD remains in a death cross, with the green bars continuously enlarging, indicating ongoing bearish momentum; although the KDJ entered the oversold zone, it has not yet formed a clear golden cross, so the short-term rebound is limited, and there is still a risk of testing previous lows.

Bitcoin Strategy Advice:
Focus on short opportunities in the 86,800—87,500 range. The lower target reference points are around 85,000—83,500.