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12.19 Morning
Bitcoin price retraced to the $85,000 range, with the overnight rally followed by a pullback highlighting the "painting gate" market characteristic, and market volatility sharply increased. From the daily chart perspective, the wedge pattern has been completed and the resistance continues to be effective. Consecutive long upper shadow bearish candles indicate that a trend reversal has not yet appeared, and the probability of further decline is high.
Personal suggestions:
Bitcoin: Rebound consolidation around 86,300-87,000, with support at 👀84,000-83,000. If broken, continue to look down to 82,000.
Altcoin: 2860-2890 consolidation, watch around 2750-2650 $BTC $ETH #市场触底了吗？