12.1 Monday Jingwen BTC strategy

Waking up from a sleep, a red needle! Observing the market, BTC faced resistance at 92000 last night, and this morning it showed a significant downward trend, currently retreating to around 87400 USD.

The early stage saw a concentrated exit of long positions, leading to increased selling pressure, with a net capital outflow of $312 million. The short-term correction trend continues, and market sentiment has shifted from "high-level oscillation" to "panic selling," overall in a phase of releasing correction momentum.

The Bollinger Bands on the hourly level are clearly opening downwards, and the price has fallen below the lower band. The MACD indicator's DIF-DEA is continuously diverging downwards, and the trading volume is also increasing, indicating that there is capital support during the decline, but the selling pressure is stronger.

There is no clear news at the moment, and no specific triggering events have emerged. Jingwen believes that this pullback is more a spontaneous adjustment resulting from profit-taking by early high-position holders and the linkage of market sentiment.

Long strategy
Short-term focus on the 86500-87000 range for gradual light long positions, with a defense below 86000, targeting the 88500-89000 resistance level.

Short Selling Strategy
Focus on building short positions in batches within the 88500-89000 range, defending above 89500, with a target down to the 87000-86500 support level #成长值抽奖赢iPhone17和周边 #十二月降息预测 #反弹币种推荐 #BTC #PI