December 17 Intraday Analysis

From a technical perspective, Bitcoin's bearish trend is confirmed, with the price continuously declining. It not only broke through the Bollinger middle band at 88,200, a key support level, but also dipped to a low of 85,000. Although there was a slight rebound to 87,600, it remains under pressure below the Bollinger middle band and moving averages. The Bollinger Bands are opening downward overall, indicating that the bearish pattern remains unchanged.

On the 4-hour chart, the MACD death cross persists, with no significant reduction in the green momentum bars, suggesting that selling pressure is still being released. The KDJ indicator has turned from oversold territory, but the rebound has not effectively pushed the price above the key resistance level, indicating a weak rebound. Short-term rebounds are unlikely to reverse the downward trend. Consider short positions on dips within the day.

Bitcoin suggestion: Short near 88,000-88,800 on rebounds, add at 89,300, with the first target around 86,000, and if broken, target 85,300.

Support levels: around 2,980-3,020, with a downside target of 2,890-2,800.
#市场触底了吗？