12.15 Bitcoin Market Update:

The daily chart shows a pullback after two bearish candles, followed by sideways consolidation. The pace has slowed, consistent with the typically low trading activity and low momentum over the weekend. Prices have not accelerated downward, but the rebound strength is weak, and the space is limited, indicating a clear weak consolidation trend.

Technical indicators lean bearish: KDJ has formed a death cross at high levels and continues to diverge downward. The short-term signals are clearly weakening, with bears gaining control. The rebounds are purely technical corrections without reversal logic, so caution is advised.

MACD confirms the weakness: Red bars below the zero line continue to expand, indicating that bearish momentum has not diminished, and downward pressure remains. The rebound volume is shrinking, with insufficient bullish support, so the weak trend persists. The main strategy remains to short at resistance levels.

Bitcoin: Short near 89800-90500, target 88000-86000
Ethereum: Short near 3130-3180, target 3050-3000