12.2 Afternoon Analysis

After yesterday's market crash, a long lower shadow was formed, seemingly indicating resistance from the bulls. However, the subsequent small bullish candlestick shows very weak rebound strength, which is actually a technical correction within the downtrend. Each round of weak rebounds serves as a consolidation period for the bears to gather strength. The core strategy remains to set up short positions on rallies.

Focus on shorting opportunities when the price reaches the EMA30 moving average resistance and when the rebound momentum is exhausted, signaling a slowdown in gains. Set the stop-loss above the recent rebound high or key resistance level. Until there is a clear reversal signal such as a significant breakout above multiple moving averages or the MACD returning to the zero axis, all upward movements should be viewed as rebounds, prioritizing the search for shorting opportunities. The current market shows a clear bearish trend, with a loose rebound structure, insufficient momentum, and pressure from moving averages, which actually provides a better entry point for the subsequent downward movement during this consolidation phase.
Recommendation for Bitcoin: Short in the range of 88200 to 87200, target: 86200, 85200$BTC #成长值抽奖赢iPhone17和周边