December 18 Bitcoin Market Outlook

Bitcoin is currently around $86,000, having quickly rebounded after testing the 24-hour low, with the $85,000 level forming a solid support. After a continuous decline earlier, the bearish momentum has already weakened, and the conditions for a rebound and recovery are in place.

From the 4-hour chart analysis, the price quickly rebounded after touching the lower Bollinger Band, indicating strong support at the lower band; the downward slope of the Bollinger Bands is gradually slowing, and the band width is narrowing, suggesting a higher probability of an upward breakout after consolidation. The candlestick pattern shows a bottoming and rebound formation, with the closing price firmly above the lower boundary of the consolidation range, indicating that the short-term bulls are in control.

Bitcoin trading suggestion: Pull back to around 85,500-84,900, then look for an upward move toward 86,800-89,000. If broken, the upward trend may continue. #非农数据超预期 #市场触底了吗？