#美联储回购协议计划 December 27th Bitcoin Night Market Recap

This wave of market movement is quite interesting—Bitcoin surged to a high and then started losing momentum. I decisively sold at 236 points, turned to a long position on the Kongdan contract, and ultimately gained a profit of 1388 points, with a net profit of 20,800 USD.

From the four-hour K-line chart, Bitcoin repeatedly surged near 89,500 but was suppressed each time, followed by a volume-driven decline. Currently, the price has returned to the lower half of the previous oscillation zone. The overall K-line pattern shows a slow decline after high-level stagnation, with the middle band of the Bollinger Bands flattening and slightly lower, indicating that the driving force of the trend is weakening, and the market is entering a weak correction and range-bound oscillation mode.

Switching to the one-hour chart, after continuous decline, the volume has decreased and seems to stabilize somewhat, but the rebound is quite weak—more like a feeble bounce after a fall. The short-term moving averages are still diverging downward, and the rebound is mainly a mood recovery, not a trend reversal. In this kind of market, the main strategy is to follow the trend and short, with some opportunistic long positions during rebounds.

$BTC Trading idea: Short within the 88500-89000 range during rebounds, targeting around 87000.
$ETH Stay observant and follow up when the opportunity arises.

The Federal Reserve's repurchase program continues to influence market risk appetite, and in the short term, both macro factors and technical aspects are worth paying attention to.