12.10 Midday market analysis: volatility under pressure, bearish view

In the 4-hour trend, BTC's current key support level of $91,800 has not yet been broken, and the short-term price is likely to fluctuate above this support level.

From the indicator point of view, the upper band of the 4-hour Bollinger band has begun to press the price, and the momentum of funds to rush upward is insufficient, especially to be wary of the risk of breaking below the support level - once $91,800 cannot be held, the long momentum of MACD will become weaker and weaker, and the fast line (DIF) is likely to break below the signal line (DEA) to form a death cross, which will further confirm the downward trend.

Looking at the previous trend, the range of $93,400-94,000 is the suppression area of the daily 20-day moving average, with strong selling pressure above and limited room for short-term rebound.

Operational recommendations
Short order layout: You can enter the market lightly around $92,230, or you can increase your short position in batches in the range of $92,500-93,000, which not only ensures safety, but also leaves enough room for profit.

Take profit target: The first target is 91800, if it falls below this position, continue to see around 90000.
Risk warning: If the price unexpectedly stands firm at the $93,400 resistance level, it is necessary to stop the loss in time to avoid losses caused by trend reversal. #加密市场反弹 #美联储降息预测