#BTC对标贵金属的竞争格局 12 December 24

From multiple technical indicators, the momentum of this rebound seems a bit weak. Today's trading strategy is to continue the rhythm of selling high and buying low.

Looking back at today's market, Bitcoin fell to 86,600 in the evening and then experienced a technical rebound, but this rebound got blocked at the key resistance level on the 1-hour chart. Now the price is being firmly pressed down by the upper boundary of the 1-hour channel, MA60, MA90, and MA280, all of which are moving averages.

From the 1-hour chart, the BOLL upper band is narrowing down, indicating that the rebound space is really limited; the green bars on MACD are shrinking, and the DIF and DEA are about to form a golden cross, suggesting that the bearish momentum is a bit weak in the short term. However, the KDJ has already shown a top divergence, which is a bit of a dangerous signal, meaning that the rebound may be nearing its end.

The situation on the 4-hour level is even more oppressive. The trend is still in a suppressed state, with the BOLL lower band continuously extending downward, and the middle band exerting strong pressure on the price. The red bars on the MACD side are shrinking, with the DIF and DEA still in a death cross, opening downward—indicating that the medium-term bearish pattern has not changed, and there is a high probability of continued downward fluctuations in the short term. The overall strategy remains to short at highs.

Bitcoin can arrange short positions around the rebound to 88100 and 90100, targeting the two levels of 87090 and 86500.

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