#数字资产市场洞察 12.18 BTC bearish pressure continues to release, with shorting opportunities at high levels during the day

Last night, Bitcoin broke through 90,000 but failed to hold, and the bullish momentum clearly weakened. Today's gains have already been eaten up. It is now stuck repeatedly testing the 86,000 level, and it looks like it will try to test the 85,000 support soon. If this line cannot hold, the downside space will open up.

From a technical perspective, the daily chart has closed below 88,000 for three consecutive days, showing a classic descending triangle pattern, and the MACD death cross has not yet been reversed. Although the four-hour chart formed a double bottom around 86,000, the momentum after the MACD crossed below zero is somewhat weak, and the candlesticks are still trading below the moving averages. On the hourly chart, the resistance at 90,000 is clearly evident—last night's long upper shadow at 8 PM shows strong selling pressure here.

In simple terms, all timeframes are controlled by the bears, and there is still a probability of further decline in the short term. Greedy long positions are not advisable; instead, it’s better to wait for a rebound to around 86,800 or 87,800 to establish short positions, targeting the key levels at 85,000 and 84,200.

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