12.18 Wednesday Afternoon Market Analysis:

Bitcoin opened at 106074 this morning, and after falling to around 106400, it dropped to about 10105600 before rebounding to around 106500, then it staged a stepwise decline to around 103600, currently at about 103700.

From the current four-hour structure, Bitcoin's short positions are increasing, with a focus on 102600 below and a second line focus around 101400. The upper focus is on 104800. From the one-hour structure, Bitcoin's short positions are increasing, with a focus around 103200 below.

Afternoon Trading Suggestions:

Look to go long on Bitcoin near the 103200-102800 range, targeting around 104400-104800.