12.19 Bitcoin Auntie's Morning Thoughts

On the daily chart, Bitcoin has closed with two consecutive long upper shadow bearish candles, indicating a strong decline. Every attempt by the bulls to rebound has been ruthlessly pushed back, with selling pressure always present. The signals of resistance at high levels are clearly reflected in the K-line. Currently, the price is tightly hugging the lower band of the Bollinger Bands, and weakness is not accidental but a result of the trend.

From a technical perspective, further breakdown, on the 4-hour chart, the price is clearly encountering resistance along the upper boundary of the ascending channel. It may seem like there’s still some room for recovery, but in reality, the momentum has already been exhausted. The three lines of the Bollinger Bands are diverging downward, with a decisive and straightforward rhythm, indicating a very clear trend—bears firmly control the market.

In the short term, there is indeed a need for technical correction, but this is more like a breather during a decline rather than a trend reversal. The rebound is limited; any upward push will only provide better entry points for the bears.

Xiao Zhuge’s conclusion is very clear: the trend has not changed, weakness does not indicate a bottom. Continue to adopt a high-short strategy in the future market, and do not hold illusions about rebounds. Even a rebound is an opportunity to enter short at high levels!

Personal Suggestions
Bitcoin: Enter short at 85500-86200, target lower at 83000, break below to 8W, long-term view at 74000!
Auntie: Enter short at 2850-2880, target lower at 2740, break below to 2600, long-term view at 2400!
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#ETH走势分析 #市场触底了吗？