12.24 (BTC) Market Analysis and Trading Suggestions

Currently around 87,500, after dropping to 86,600 in the evening, it rebounded. It is now under pressure from the upper boundary of the one-hour channel with MA60, MA90, and MA280. In terms of the BOLL channel shape, the upper boundary shows a downward contraction trend, indicating limited room for upward movement; in the MACD indicator, green bars show signs of contraction, and DIF and DEA have started to converge. Additionally, the three lines in KDJ have issued a top reversal signal. It is recommended to rely on the three upper resistance levels for sell entries.

On the 4-hour chart, the lower boundary of the BOLL indicator continues to decline, and prices have not yet fallen below their evening lows, but there are clear signs of pressure on the middle line from the K line. In the MACD indicator, the red bars are shrinking, indicating weakness, and DIF and DEA are crossing negatively and opening, which means there is room for short-term negative volatility. Sellers should be cautious of the risk of retesting the middle boundary and breaking the level, while maintaining room for recovery at the upper boundary; the short-term target is first around 86,600, while the long-term view considers the daily lower boundary at 85,150. The overall trading idea remains focused on selling when prices rise.

Trading Reference Points:

- Enter short position: ≥88,300-89,600
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- Stop-loss setup: above 90,400;
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- Take profit target: first look at the range of 87,500-86,600, and if 86,500-86,000 is broken, you can continue to hold until near 85,150.