12/23 Market Review and Subsequent Strategies

In yesterday's trading, the bearish strategy formulated through precise technical analysis was accurately validated.

When the market price rose to around 97250, a decisive short position was taken, and the market then declined as expected, successfully reaching the target of 95000. This morning, the bearish outlook down to 94000 also became a reality, highlighting the core guiding role of technical analysis in trading decisions.

Current technical indicators are still warning. The four-hour chart shows a bearish pattern, with MACD continuously expanding in the bearish direction, sounding the market's decline alarm, indicating continuous selling pressure.

KDJ is opening downwards with three lines diverging, adding evidence to the downtrend and signaling a continuation of short-term corrections. The daily chart reflects the same, with bearish pressure remaining unchanged, indicating a persistent weak market under the larger framework, dominated by bears.

Continue to hold a bearish outlook, with intraday trading suggestions:

BTC: 95000 - 96000 short,

Target: around 92000,

Stop-loss: 96800.

The financial market is volatile, and risk management must be taken seriously.

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