Looking at the BTC daily chart level, the price continues to be under pressure below the average 8-line system, with short-term moving averages (MA5/MA10) in a bearish arrangement relative to long-term moving averages, further reinforcing the downward structure. The Bollinger Bands maintain a downward opening trend, with the price weakly oscillating along the lower band, and the pattern dominated by short positions has not fundamentally changed. Recent rebounds have failed to effectively break through the key resistance range formed by the lower edge of the previous oscillation platform and the MA20 moving average, with rebound momentum gradually depleting, and a lack of upward momentum support in the short term. It is expected that the market will continue the downward rhythm, further testing the effectiveness of key support near the previous low points and integer levels.

On the four-hour level, although the market has experienced stage rebounds during the downtrend, the trading volume during the rebounds has not effectively increased, and buying support is weak, which is a typical continuation pattern of a downtrend. The moving average system at this level shows a standard short positions arrangement, with prices consistently operating below the moving averages. The MACD indicator is always running in the low range; although the green bars have narrowed, they have not formed a golden cross reversal signal, and the short positions momentum has not been fully released, indicating insufficient conditions for a short-term reversal.

In terms of operational strategy, it is recommended to continue positioning short positions based on the rebound at high levels, with a focus on observing the resistance effect of the upper resistance zone and entering the market at the right time. Set the stop loss 500 points above the resistance zone to avoid false breakout risks, and prioritize taking profits at the key support area below. If the support is broken, the target can be extended accordingly, while strictly adhering to risk control discipline.

Operating suggestion: Pay attention to the pressure situation in the two ranges of 88000-87300 and 89500-88800 above. If conditions are met, you can continue to try short positions, with target attention on the lower levels of 88000, 87300, 86800, 86300, 85800, 85300, and 84500. A substantial break below 84500 would indicate a continuation of short positions, with a target for a recent new low #十二月行情展望 .