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12.20 Morning Market Brief
Good weekend! The short-term rebound momentum of the hourly Bitcoin chart is weakening, with limited upward strength. Market sentiment for chasing highs is low, and a short-term consolidation is highly likely.
Above key support levels, a cautious optimism is advised; once support is broken with increased volume, beware of a deep correction.
The current market is relatively weak. Short-term and medium-to-long-term strategies should be combined, with a focus on high short positions!
⚠️ Important reminder: The market has not yet bottomed out. Do not rush to buy the dip; entering blindly may result in being trapped at a high stage!
Trading strategies
- Bitcoin: Short sell at 88600-89100, target 86600-87100
- Altcoin: Short sell at 3000-3030, target 2800-2900