December 15 Bitcoin Market Outlook

After a narrow range consolidation during the weekend's white session, the price broke below the key level of $90,000 last night, then oscillated downward, officially entering a technical correction phase. Currently, the price is weakly hovering around $88,000.

From a technical analysis perspective, the four-hour trend shows a pattern of four consecutive bearish candles, but the price remains effectively supported by the lower band of the Bollinger Bands, with strong and solid support below. The bears attempted to test the lower band multiple times but failed to break through the critical support level. As the bearish momentum gradually weakens after continuous release, a short-term rebound signal is emerging: although the MACD indicator is below the zero line, the red histogram is continuously narrowing; the KDJ indicator has formed a golden cross at a low level and shows signs of turning upward, indicating that short-term rebound momentum is brewing.

Bitcoin Trading Suggestion: Pullback around 88500-87800, with an upward target of 90000-92000.