Here it comes, here it comes, it's coming down.

12.18 Wednesday
Bitcoin rebounded from yesterday's decline, accurately reaching the first target, but the second target was not met. The potential upward momentum below may not be sufficient, and it will take time to convert the space cycle to continue rising. However, a 2000-point rebound is enough to have a good drink.

Technical analysis on the four-hour chart shows that every wave of rising is accompanied by a wave of decline and adjustment, forming three waves: the first wave at 99600, the second wave at 104630, and the third wave at 108366. After reaching a high, a significant decline is expected, and the current auxiliary indicators have formed a dead cross with bearish volume increasing, indicating an overall downward trend. The intraday strategy is to first look for a decline.

Reference strategy: short in batches in the 106600-107000 range, with a target of 104200. If it breaks down, look for the 102000 position.