Afternoon of 12.19

Yesterday during the daytime session, Bitcoin showed a volatile upward trend, and in the evening, the price surged to around 89,500 before facing resistance and pulling back. Subsequently, the market entered a correction mode, with the lowest dip reaching 85,500, and the maximum retracement within the range was 4,000 points.

Analyzing the market structure, on the daily chart level, Bitcoin's rebound momentum continues to weaken, with recent consecutive long-shadow candlestick patterns. This signal fully reflects the market's insufficient buying power and lack of liquidity, with a bearish trend still dominating.

On the four-hour cycle, after the price rebounded to the upper Bollinger Band resistance, it quickly fell back. Then, it sharply plunged through the lower Bollinger Band support and further broke below the key defensive zone, establishing a short-term weak market pattern.

Trading Suggestions
Bitcoin: During the rebound to the 88,000-88,800 range, gradually open short positions, targeting a decline to 85,000-83,800. If this support zone is effectively broken, add to short positions to target the 82,000 level.

Altcoin: During the rebound to the 2,950-3,000 range, gradually open short positions, targeting a decline to the 2,830-2,710 range.