Crypto Circle Sister Red 12.18: Bitcoin is experiencing a double death cross! Will CPI Night continue the big bearish trend? Today's latest Bitcoin (BTC) market analysis and trading suggestions!#市场触底了吗？ #今日你看涨还是看跌？ #加密市场观察 $BTC $ETH

Crypto Circle Sister Red 12.18 (Written at 5:12): Today's Bitcoin (BTC) market analysis and trading suggestions:

Bitcoin is currently around 86,000. In the 4H chart, the big candle directly spikes to the upper band, forming a long upper shadow. Sister Red knows that the bulls are fleeting, and this wave of shorting is stable. The market has also declined as expected to the target of 85,500 to take profit, and the short position has been closed again. Currently, the candlestick is forming a support rebound at the 4H lower band, but the bearish momentum still exists. In the short term, focus on the resistance at the middle band and MA30 zone. The MACD red bars are expanding, DIF and DEA have successfully crossed back into a dead cross, and the KDJ three lines continue to decline approaching the oversold area. RSI three lines are close to 25 and turning down weakly. Sister Red believes that the short-term bearish trend will continue to deepen. Do not rush to enter long positions.

Yesterday, Sister Red also mentioned that the 1-day chart would form a dead cross. There isn't much time left before the close, and the dead cross pattern is likely to be confirmed. The MACD red bars are starting to expand, RSI three lines are turning downward, and KDJ continues its downward trend. The candlestick has already pierced the lower band. The short-term market may continue to decline, possibly reaching the low point around 83,900 on the 1-day chart. If the 1-day low cannot hold, and if CPI data is negative, there is a probability of further decline toward the 2-day chart lower band around 81,150. Therefore, Sister Red suggests maintaining a strategy of high rebound shorting!

Sell points: ≥87,400 light short, stop loss above 88,500; take profit at 86,300-85,200-84,100. If it breaks below 84,000-83,800, consider continuing to hold.

Buy points: ≤84,100 try long, stop loss at 83,500; take profit at 85,000-86,000-87,000. If it breaks above 87,400, continue to hold.

Article review and push notifications may be delayed. The above points are for reference only. Please grasp the trading opportunities yourself, and do proper risk control when entering the market. Do not operate with heavy positions! Thank you for reading!