December 23. The market last night first rose and then fell, with prices climbing to the 90500 line before facing pressure and retreating, dipping to around 87800 to find support and rebound. The current price is oscillating in the 88500 range, with both intraday and overnight assessments having been accurately realized.

From the 1-hour cycle perspective, Bitcoin has shown a consolidation pattern after the pullback, with prices operating below the middle band of the Bollinger Bands. The KDJ three lines are operating in the lower range; although there is a technical demand for a rebound from the oversold condition, a golden cross has not yet formed, and the rebound momentum is relatively limited; the RSI indicator has been operating below the neutral line of 50 throughout the cycle, and has not entered the overbought zone, indicating that bearish momentum has not been fully released.

On the 4-hour cycle dimension, the BOLL indicator shows that prices have retreated from the upper band of the Bollinger Bands to near the middle band, and there is a trend towards testing support at the lower band. In the KDJ indicator, the J line has first turned downward and has formed a death cross with the K and D lines, further confirming a short-term adjustment signal. Meanwhile, during the price rise, the trading volume has not been able to increase in sync, and the divergence between volume and price is significant, with bullish momentum weakening while bearish strength is expected to gradually dominate.

Morning Core Strategy

1. Bitcoin: It is recommended to lay out short positions in the 89000-89500 range, targeting the 88000-87000 range.

2. Altcoin: It is recommended to lay out short positions in the 3040-3070 range, targeting the 2970-2930 range.

$U2U $SWELL $ORDER $SUNDOG $BTC $ETH