December 19th Intraday Analysis

Market Situation: Yesterday's trend repeatedly broke the 104,000 downward support, with bulls recovering slowly, showing a strong flood release reversal, with Bitcoin dropping to a low near 100,300. The Federal Reserve's interest rate in the early morning met expectations with little impact, but Powell's speech indicated a potential slowdown in rate cuts next year, which could have a profound impact on the cryptocurrency market.

The downward support on the four-hour level has been broken, with the Bollinger Bands extending downward with a large opening, providing significant support space below. The subsequent bearish pullback space is enormous, shifting the operational strategy to focus on short positions, and shorting on rebounds.

In terms of operation, it is recommended to short Bitcoin: short near 101,000, with a target looking down to around 100,000-99,500.

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