#数字货币市场回调 December 2 Bitcoin market review:

From the market perspective, the current price is pressed below the middle Bollinger band, with sellers dominant in the short term. The middle band has turned into resistance; although the channel is wide, the price has not approached the lower band, resembling more of a weak sideways movement rather than a one-sided crash. In the moving average system, the 7-day exponential moving average closely follows the price providing support, but the 30-day moving average in conjunction with the middle Bollinger band creates a significant resistance in the 88700-89200 area. Without breaking through this range, it is difficult to say it will strengthen.

In terms of MACD, both DIF and DEA are negative, and the 4-hour cycle is still in adjustment. The histogram values are relatively large, which suggests that the downward momentum may exhaust before rebounding. It is not advisable to rush to bottom-fish before a golden cross signal appears. The KDJ indicator is hovering in the weak range of 20-50, and the RSI reading is only 44.49, indicating that buying pressure is clearly insufficient. The short-term trend is bearish, but the downward space is already limited.

The funding aspect does reveal some insights - during the price correction, there was actually a net inflow of $589 million, indicating that there is capital stepping in at lower levels, which will form a constraint on further declines. However, the technical outlook is bearish while the funding situation is bullish, leading to an increasing divergence between the bulls and bears. Market sentiment has shifted from prior exuberance to a wait-and-see approach, and now we are just waiting for a direction to be chosen.

Trading strategy reference: consider lightly shorting in the range of 87300-87800, targeting levels 86500 and 85800. The strategy is time-sensitive, and market conditions change quickly, so execution must be decisive.

$BTC