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12.23 Tuesday Evening Thoughts: BTC is currently quoted around 878, having dropped to a low of 870 during the day before making a slight rebound, with the daytime strength being insufficient.
After experiencing two consecutive weeks of waterfall face-washing, the market's panic sentiment remains.
Sister Bao has repeatedly emphasized that the recent market will create a situation where upward movements are pushed down.
BTC needs to stabilize above 90,000 to end this bearish trend, and the price must be maintained above 90,000.
Today's transactions:
The key rebound point is 880. A volume breakout at 880, take a small position to go long and capture the rebound. Looking up to 895 here.
It is highly likely that I will go to the 885-890 area. The upward movement is blocked, and I am starting to enter short positions. The target is around 875-870.