#数字资产市场洞察 BTC market observation on December 23rd, early morning.

Core idea

The short-term outlook is bearish. BTC encountered significant resistance at the key level of 90599.0, subsequently dropping quickly to the 89900.0 range, where it has been oscillating. During this early morning period, it is highly likely to continue weakening, with bears still in control.

How to view the technical aspects

1. The resistance level is stuck: 90599.0 is not just a decoration, this price level has become a short-term iron gate. As soon as the price rushes up, it gets smashed down, forming a typical high and low return candlestick. There is heavy selling pressure above, and the bulls have already lost their strength.

2. There is support below but ample space: Looking down, the area between 88900-88600 is where previous trading was dense, providing decent support and is also a favorite accumulation spot for bears. From here to the current price level, there is still quite a large space for a decline.

3. Volume speaks volumes: When prices rose sharply before, the trading volume didn’t expand much, but during the pullback, the selling pressure became increasingly fierce. This is a signal that bears are gradually taking control.

How to execute a short position layout

1. Entering the market: build positions in batches within the range of 89900-90200. This area is a weak rebound under pressure, most suitable for shorting.

2. Stop Loss: It cannot break through 90600. Once the short-term high is broken, the bearish logic collapses, and you must exit with a stop loss.

3. Take Profit: The first target is aimed at the area of 88900-88600.

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