12.22 Monday morning BTC operation suggestions

Looking back at yesterday's market, after a narrow fluctuation over the weekend, a rebound and correction trend emerged in the evening. BTC touched the 88800 line as expected and then fell back, probing the 87700 line. The short-selling strategy we emphasized for the day was accurately fulfilled!

Analysis from the current market:
The 4-hour level is alternating between bullish and bearish movements, showing a brief rise in the evening before retreating. Overall, it is in a stage of consolidation, with bears dominating the market. The Bollinger Bands are slightly trending downwards, indicating a continued short-term bearish trend.
From the 1-hour level, the rebound momentum is weaker than the downward strength, with a bullish candlestick body accompanied by a long lower shadow, indicating obvious characteristics of a rebound followed by a correction; the lower and middle bands of the Bollinger Bands show signs of turning upwards, but the upper band is converging downwards, which suggests that the short-term market is likely to maintain a range-bound fluctuation. Although there is an expectation of a rebound in the future, the upward space is limited.

In summary, the operational suggestion is to primarily focus on shorting during rebounds, while in the short term, you can lightly buy in the lower range.

BTC: Short near 88500-89000, target focus on the 87000 line.
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Ether: Short near 2990-3020, target focus on the 2900 level.