December 2 BTC funeral thoughts

Bitcoin's high-level fluctuations have intensified, dropping sharply by 8,000 points to 83,786 yesterday before quickly rebounding. Currently, bears are still dominant.

From a technical perspective, the four-hour chart shows a rebound trend after a decline, entering a short-term correction cycle. Although the bulls have recovered some ground, the Bollinger Bands continue to open downward, indicating that the main trend remains bearish. On the hourly chart, the price has rebounded but encountered resistance just below the upper band of the Bollinger Bands. Although the moving averages exhibit an upward divergence, the indicators have shown signs of retreat. The larger bearish trend remains unchanged, and the probability of a second retest of the lower support after the rebound is relatively high.

In terms of operations, focus on observing the strength of the rebound in the morning. Wait for the bullish momentum to weaken or for clear signs of pressure to appear before planning to enter a short position.

BTC trading advice: short around the rebound of 87200-88000, looking down to 85800-84500, if it breaks through, continue to look up, #十二月行情展望 #GIGGLE和PIPPIN强势上涨