12.24 (BTC) market analysis and trading recommendations

Currently around 87500, after dipping to 86600 in the evening, it rebounded. It is currently under pressure from the upper track of the 1-hour channel and the three lines of MA60, MA90, and MA280. From the BOLL channel shape, the upper track is narrowing downwards, indicating limited upward space above; the green bars in the MACD indicator show signs of contraction, and the DIF and DEA are beginning to converge, while the KDJ three lines also signal a top reversal. It is recommended to set up short positions based on the resistance levels of the three lines above during the day.

In the 4-hour chart, the lower Bollinger Band continues to extend downward, and the price has not yet broken below the evening low, but the signs of K-line being suppressed by the middle band are very obvious. In the MACD indicator, the red bars are shrinking, indicating weakness, and the DIF and DEA have formed a death cross and are widening, suggesting that there is still room for a downward fluctuation in the short term. Bears entering the market need to guard against the risk of a second test breaking the middle band, while also reserving space for replenishment at the upper band; the short-term target below is initially set around 86600, and for the long-term, pay attention to the daily lower band at 85150. Overall, the operational strategy remains focused on high short positions.

Operation point reference:

- Short position entry: ≥88300-89600

- Stop-loss setting: above 90400;

- Take profit target: First look at the 87500-86600 range. If it breaks below 86500-86000, you can continue to hold until around 85150.