Analysis of Bitcoin Trading Strategy on the Night of December 16

In the ocean of the stock market, everyone is a navigator. Facing the turbulent waves, we may feel confused or exhausted, but please remember, every low point is preparing us for the next peak.

After a surge and pullback, Bitcoin's price has formed a consolidation pattern in a specific area, facing strong resistance near the 106600 mark. From a technical indicator perspective, including RSI, signs of a downward retracement are evident, and the converging flag pattern has intensified the expectation of a decline. Therefore, the short-term trading strategy revolves around a high-sell, low-buy approach. If the price drops to the target area without showing strong continuation strength, buying long can be considered.

Trading suggestion: short near 106200, target 103500

If it breaks below 103000, continue to look down to 101000

If it doesn't break, consider going long.