In the evening review, after the afternoon long positions attempted to recover near 86900, they were hit by short positions and gradually retreated, indicating that the resistance level above is clearly weak in rebound. This suggests that today's plummet may be influenced by the following news: 1. Sudden rumors about the Fed chairman 2. The Central Bank of China cracking down on virtual money 3. The Bank of Japan planning to raise interest rates. The market also gave negative feedback today, and we need to pay more attention to whether the U.S. news tonight will convey a continued unfavourable message and the U.S. stance on the Bank of Japan. Finally, it is important to understand the recent ongoing attitude of China towards virtual money. My analysis is that since the villagers have spoken, the short-term market is still primarily bearish, and it’s best to navigate out of a corrective fluctuation market.

From a technical analysis perspective, the price of the coin has experienced significant fluctuations throughout the day, continuously declining from above 90000 in the morning and briefly falling below 87000 USD. Currently, it is oscillating around 86500. On the four-hour chart, after completing the downward probe and seeking a support level, it begins to search for a resistance level. The moving averages are starting to systematically contract, which typically signals the possibility of a unilateral market trend in the future. The support level focuses on the 86000 - 85500 range, and if it falls below, it may probe down to 85000; the resistance level is concentrated in the 88000 - 90000 range, and only a breakout can alleviate the short-term downward pressure, with further resistance looking towards 91000.
After losing the 2900 mark intraday, it is currently around 2840. From a four-hour perspective, the intraday decline has broken the previous strong oscillation pattern in the 3030 range. The current price has fallen below the middle band of the Bollinger Bands and is approaching the lower band, operating overall within a downward channel. The primary support level to focus on is the 2800 - 2770 range. If this is lost, it will further probe the 2750 - 2720 area; the resistance level is concentrated in the 2900-2940 range, and a successful recovery of this range is needed to alleviate the downward trend; otherwise, the weak pattern will continue.
The short positions target around 85000 near the big coin 86000.
Short positions near 2840, target around 2800 #十二月行情展望