12.20 Morning Thoughts

Bitcoin remains weak in the intraday trend, and the trend remains below the moving average. Although it has rebounded to a certain extent, the strength is still not strong, and it has failed to break through the moving average pressure and is suppressed.

Judging from the current daily trend, the K-line has stepped back and directly broke through the middle track support of the daily line. There is still a large space below, and the current trend clearly shows a weak downward trend, so the market will continue to pay attention to the continuation of the short position.

In the short term, the big cake has shown a clear downward trend. The technical indicator MACD also sent an unfavorable signal in this 4-hour cycle. The MACD histogram turned from positive to negative, and the DIF line crossed the DEA line downward. This series of signs all indicate that the main force is continuing to liquidate longs, and the overall trend begins to extend downward around the lower track line.

Bitcoin: Short around 98200-98500 on rebound, look down around 95600-95800

Ether: Short around 3450-3470 on rebound, look down around 3320-3350

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