#美国证券交易委员会推进数字资产监管框架创新 12.18 Market Observation

BTC quickly faced resistance and pulled back after breaking through 90,000 last night. The bullish momentum has clearly weakened, with most of the gains being wiped out today. Currently, it is repeatedly testing the bottom around 86,000, gradually approaching the critical support level at 85,000. Once the 86,500-85,000 range is broken, it is highly likely to continue downward to find support.

From a technical perspective, several timeframes are quite weak. The daily chart has closed below 88,000 for three consecutive days, forming a death cross pattern, and the MACD has not turned red, indicating strong downward pressure. On the 4-hour chart, although a double bottom has formed near 86,000, the MACD, even if it shows a bullish crossover, lacks strength, and the price remains below the moving averages. The hourly chart is even clearer—there is clear selling pressure at 90,000, as evidenced by the long upper shadow on last night’s 20:00 candle.

The bulls and bears are clearly competing—this wave of bears has the advantage. The possibility of further decline in the short term is quite high. My advice is not to rush into buying the dip; instead, wait for a rebound and then consider shorting at higher levels for a more secure position.

Technically, you can consider shorting around the rebound levels of 86,800-87,800, with initial targets at 85,000 and 84,200.

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