12.19 BTC.ETH Reversal of the Heavenly Talisman.

Yesterday, the CPI data was released, which was below market expectations. The market reaction was a slowdown in high inflation, insufficient to boost expectations of rate cuts, and overall exerted effective suppression on the market. This coincided with the previous top resistance, forming an effective decline and resonating with a double top. After a short-term rapid fall, the price experienced a sharp rise and fall, unable to surpass the previous high. Yesterday, the market validated the bearish outlook, with the lowest target around 84,600.

Currently, BTC is in a range of oscillation, with neither technical nor external factors providing clear directional guidance. From a technical perspective, although a bullish engulfing pattern has appeared in the short term and resonated with short-term moving averages, indicating potential upward movement, the significant decrease in trading volume and the long-term moving average bearish alignment suggest considerable uncertainty about the sustainability of the rally.

BTC trading suggestion: buy at 86,200-86,500, target 88,300, with a breakout view towards 89,200-89,800-90,700$BTC #加密市场观察