12.19 Thursday Midday Market Analysis:

Market Situation: Yesterday's trend repeatedly broke below the 104000 downside support, with bulls recovering slowly, showing a strong flood release reversal, and Bitcoin dropping to around the 100300 level. The Federal Reserve's interest rate overnight met expectations with little impact, but Powell's speech indicated that interest rate cuts may slow down next year, which has far-reaching effects on the crypto market.

At the four-hour level, the downside support has been broken, the Bollinger Bands are opening downward significantly, and there is substantial support space below. The subsequent space for bears to pull back is enormous, and the operational strategy shifts to primarily short positions, with shorting on rebounds.

For operations, it is recommended to short Bitcoin: short near 101500—101800, targeting around 100000-99500.