December 18: Market Bulls and Bears Tug of War: Is the Victory Near?

Bitcoin daily chart closes with a long upper shadow: There is some selling pressure above. In yesterday's article, I mentioned that if it doesn't break below the key support below, it could rebound to clear out some short positions: Last night, the highest reached was around 90,300, clearing out some short positions, followed by a sharp decline to around 85,300, continuing to test the most critical support level for the bulls. The market doesn't have much to say; this week is likely to follow the same trend as described in yesterday's article. Currently, the market is absorbing and adjusting; in the short term, the market appears relatively weak, and attention should be paid to a continued rebound to clear out short positions. The key support level remains around 85,000. If this level is broken on a solid close, Bitcoin will test around 81,300. If it cannot hold here, it will continue to decline towards 76,888. Currently, it is still oscillating within a range, with a probability of moving higher to 90. The larger cycle traders don't need to watch the market every day; it's better to focus on self-cultivation and patiently wait for that day to arrive. Yesterday's Fear Index was 15; today, the Fear Index has risen by 3 points$BTC

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Send#兄弟们一句话：相信自己的节奏，而非羡慕他人的“暴利神话”。