December 17 Intraday Analysis
From a technical perspective, Bitcoin's bearish trend is confirmed, with the price continuously declining. It not only broke through the Bollinger middle band at 88,200, a key support level, but also dipped to a low of 85,000. Although there was a slight rebound to 87,600, it remains under pressure below the Bollinger middle band and moving averages. The Bollinger Bands are opening downward overall, indicating that the bearish pattern remains unchanged.
On the 4-hour chart, the MACD death cross persists, with no significant reduction in the green momentum bars, su
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