12.18 Morning Market Brief: Bitcoin Stumbles Under Pressure, Bearish Dominates

Bitcoin is currently oscillating around 86,000, with a long upper shadow after touching the upper band on the 4-hour chart, indicating rapid fading of bullish momentum.

Although there is a technical rebound from the lower band, the bearish trend remains unchanged, with the middle band + MA30 forming a strong resistance zone.

Technical analysis: MACD shows increasing red bars, DIF and DEA form a dead cross and converge; KDJ drops to the oversold zone edge, RSI approaches 25 with weak rebound, avoid long positions for now.

On the daily chart, the outlook is even less optimistic: MACD red bars expand, RSI turns downward, KDJ diverges bearish, and the candlestick directly breaks below the lower band support.

In the short term, watch the 83,900 support. Once it is broken + CPI negative news, the price could drop straight to 81,150!

✅ Trading Strategy
Primarily focus on shorting!
Bitcoin: Enter short positions at 86,800-87,300, target 85,000-85,500
Operate Ethereum in sync