12.16 Tuesday Midday Market Analysis

BTC latest price 85,804.5, down 3.87% compared to the previous session. The 99-week moving average at 85,505.7 provides short-term support, with the 24h low at 85,111.1 approaching this average. The 7-day and 30-day declines are 4.58% and 10.78% respectively, indicating short-term bearish sentiment.
Within 12 hours, if the 85,500 support level is broken, the price may test the 85,000 threshold; if it stabilizes, it is likely to fluctuate around the 85,500 - 87,000 range. Upward rebounds are likely to be suppressed by MA7 (91,462.7), making a significant rally unlikely.
Recommendation: Mainly light short positions, as non-farm payroll data will be released tonight. The current position is relatively low; reasonably control your position size.