#比特币与黄金战争 December 25th, Thursday Bitcoin Market Technical Brief

Looking at the four-hour chart, the price has been running below the moving averages for a long time. Although the MACD green bars have narrowed, it has not yet exited the bearish zone, which is a typical sign of a downtrend continuation. The three lines of the KDJ indicator do show signs of turning, but have not yet broken through the 50 midline, so the rebound strength can only be considered a technical correction after an oversold condition.

From the overall rhythm, the probability of a breakdown and downward movement after oscillation at low levels is higher.

My personal approach is as follows—just for reference, risk is self-managed (be sure to set stop-loss orders):

$BTC around 88,300 can be seen as resistance, a rebound to 89,300 can moderately cover short positions, with key support below at 87,000. If it continues to fall, 85,500 is an important support level.

As always, controlling risk exposure is the most important.