12.9 Qin Feng Morning Bitcoin Analysis

Although Bitcoin has rebounded in the early morning, the overall trend still leans bearish. The KDJ indicator has risen to neutral, but the J line's turning point is not obvious, indicating insufficient upward momentum. The MACD green bar value is negative, showing that bearish strength still dominates, and the green bars have not significantly narrowed, indicating that bearish momentum has not been fully released. There is a high possibility of further declines, so it is advisable to maintain a bearish outlook.

Bitcoin can be shorted in the range of 91200-90200, with a target around 89000-87000 near #BTC走势分析 #加密市场观察