December 16 Morning Analysis

The Bitcoin bearish trend unfolds as expected, with no reversal signs so far. The market remains predominantly bearish for the day.

Every trading strategy is supported by logic, the key is whether it is executed. Yesterday, Bitcoin precisely touched 90,000 before turning downward. Our target range of 87,000-85,000 fully covered the overnight low of 85,200. How much of this 4,000-point move did you catch?

Currently, after falling, Bitcoin rebounded to around 86,500 but faced resistance and retreated again, indicating insufficient rebound momentum and failing to change the overall bearish pattern. Therefore, subsequent operations still suggest shorting after rebounds.

From a technical perspective, the market is generally in a weak downward state. On the 4-hour chart, the price has broken below the lower Bollinger Band and continues to trade below it. Multiple short-term rebounds have been quickly suppressed by the bears, and the short-term bearish structure remains intact.

Trading suggestion: Short near 86,500-87,100 on rebound, with targets at 85,000-84,000. If broken, look further down to 82,000.