The market shows a pattern of initial suppression followed by a rally, with BTC dipping to around 85,200. At midnight, short positions were established around 87,000, accurately capturing a 1,189-point profit. From a technical perspective, the four-hour chart indicates a phase of technical correction, with a clear overall bearish trend. The Bollinger Bands are diverging downward, and a death cross has initially formed on the MACD, indicating ongoing bearish momentum; the hourly MACD death cross shows significant divergence, with the market dominated by bears.
Trading Suggestions: BTC rebounds to the 86,500-87,000 range for short positions Target around 85,000.
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12/18 BTC Early Morning Trading Analysis
The market shows a pattern of initial suppression followed by a rally, with BTC dipping to around 85,200. At midnight, short positions were established around 87,000, accurately capturing a 1,189-point profit. From a technical perspective, the four-hour chart indicates a phase of technical correction, with a clear overall bearish trend. The Bollinger Bands are diverging downward, and a death cross has initially formed on the MACD, indicating ongoing bearish momentum; the hourly MACD death cross shows significant divergence, with the market dominated by bears.
Trading Suggestions:
BTC rebounds to the 86,500-87,000 range for short positions
Target around 85,000.