#大户持仓变化 12.17 Bitcoin Midnight Market Review: From a technical and market sentiment perspective, there are clear short-term pressure signals.

The details on the chart are not very promising—the upper wick of the 4-hour candlestick is relatively long, indicating that attempts to move higher encountered significant selling pressure, and the trading volume is insufficient, which is not a good sign for the bulls. Another issue is that $BTC has been hovering around the 21-day moving average for over 10 days, which is a dangerous warning for long positions. Once the support below is broken, a similar level of decline could follow. Aggressive traders might consider shorting at 105,000.

Short-term trading strategy: The range of 88,000-86,600 can be used to establish short positions, with a stop-loss set around 89,200. Key levels to watch below are 86,500, 85,000, and the 84,000 price zone.