12.24 Market Analysis and Trading Suggestions
The daily chart shows four consecutive bearish candles, with MACD continuing to increase in bearish volume, and KDJ crossing downwards and diverging. The overall trend during the day is weak, and it is recommended to focus on short positions.
On the four-hour chart, the price has not broken through the middle track and has been operating in the lower half, indicating that there is still considerable pressure above.
There are small-scale rebounds, but they have not been effectively sustained, with multiple instances of pressure leading to pullbacks.
For Bitcoin, short positions are recommended in the range of 96500-97000, with a target of 94000.
