#美联储降息 December 17 Market Quick Read:

The bearish pattern has been confirmed, and prices are sliding all the way down. First, they broke below the important support at the Bollinger middle band of 88,200, then dipped to around 85,000. Although there was a rebound to 87,600, it was still suppressed by the Bollinger middle band and moving averages, making it difficult to move higher. From the Bollinger band shape, the entire channel is opening downward, and the bears are fully in control.

Looking at the 4-hour chart, the selling pressure from the bears is still continuously releasing. Even if there is a rebound, it cannot break out effectively—simply put, it’s a weak rebound pattern that cannot turn the tide.

Trading strategy: Today, focus on shorting on rallies. If the price rebounds to the 88,000-88,800 range, consider entering short positions; if the price rises further to 89,300, add to your position. The initial target for shorting is 86,000; if this level cannot hold, then look further down to 85,300.