To Li: Analysis and Operation of Bitcoin and Altcoins in the Early Hours of December 16

From the daily chart perspective, the candlestick has closed four consecutive bearish candles, with selling pressure remaining dominant. Additionally, the price has broken below the lower boundary support, and the triple trend line pattern shows signs of outward expansion, possibly opening a path for accelerated decline. On the four-hour chart, the MACD indicator's two lines continue to decline in the weak zone, indicating increasing selling momentum as the red bars grow larger, and downward kinetic energy remains expanding. Meanwhile, the KDJ and RSI indicators all show a continued downward trend with their three lines in a bearish alignment, further strengthening the bearish momentum and increasing the risk of further decline.
In both larger and smaller timeframes, the clear downtrend indicates that trading in the early hours should follow the trend—either chasing the decline or selling on rallies.
Bitcoin can be shorted within the range of 85,500–86,000, with targets at approximately 84,500–83,500–82,200.
Altcoins can be shorted within the range of 2,920–2,950, with targets at approximately 2,900–2,820–2,750.