12.18 Silk Road Sharing:

Bitcoin yesterday evening first rose then fell, briefly breaking through the 90,000 level, but the upward momentum did not continue, and the price retreated to around 86,200.

From a short-term perspective, this asset shows a biased sideways consolidation, with the hourly chart trending weakly. The 4-hour chart has support, and the key focus is on the defense at the 86,000 level. If this level is broken, the price may drop to 85,000 or even further down to lower ranges.

On the technical indicators, the price has broken below the 1-hour EMA moving average, the Bollinger Bands are narrowing downward, and the price is moving along the lower band, indicating a dominant bearish trend; the MACD lines are below the zero axis, with the green bars continuing to expand and no clear signs of shrinking, suggesting ample bearish momentum; the RSI is below 40, entering the weak zone, with no oversold rebound signals yet.

The current key support level is at 85,200, with resistance at 86,800 (1-hour MA30). Overall, the market rebound is weak, and caution is advised when chasing longs; those not yet in the market can stay on the sidelines. If the rebound encounters resistance, a light short position can be attempted.

Bitcoin trading suggestion: around 86,500-87,100 for short-term shorting, with a target of 85,500-84,000. #GateLaunchpadKDK认购上线 #非农数据超预期