#大户持仓变化 December 17 Bitcoin Market Snapshot:

From the daily chart, the moving averages are clearly in a bearish alignment. The price has been trading below the downward trendline drawn from the October high, and each rebound lacks momentum, indicating that the upward pressure is still quite significant.

On the capital side, it's even more interesting. The long-short ratio is approximately 0.85, with main funds in a net outflow state. Liquidations on the long side have been occurring frequently recently, and market confidence is evidently lacking. Under this situation, traders' willingness to hold long positions is not high.

Regarding the macro environment, the Federal Reserve's signals for interest rate cuts are quite conservative, and liquidity expectations are tightening, which puts real pressure on risk assets. As a representative of risk assets, $BTC is naturally under pressure.

On the technical indicators, RSI shows some signs of weak divergence but has not yet confirmed a reversal signal. The bearish momentum in MACD has not shown clear signs of weakening, so no definitive reversal signals are visible at the moment.

In terms of trading strategy, $BTC can consider short positions in the range of 88,000-88,500, with targets down to 86,000-85,000. Keep an eye on $ETH and $XRP for market correlation.