#BTC重返12万 Morning market overview on December 18: BTC returns to the consolidation range.

BTC opened with a long upper shadow candlestick in the morning, and the intraday trend is mainly sideways or descending.
1H BTC head and shoulders structure, 11.90 neckline position, and there have been multiple attempts to touch this level before facing resistance and falling back; one can wait for a right-side breakout above 11.9 and then short it when it drops back in line with the trend, with a stop loss at 12 and targets at 12.8 and 11.76; conversely, if it breaks above 11.9 and stabilizes, one can go long in line with the trend, with targets at 12.05 and 12.18, and a stop loss at 11.83; if there is an opportunity to retrace to the trend line at 11.8, one can take a small long position with a stop loss at 11.76 and targets at 11.9 and 12.05.
The BTC spot ETF has seen a net inflow for 4 consecutive working days; as of now, the total liquidation across the network in the past 24 hours is 535 million USD, with long positions reaching 357 million and short positions at 177 million; looking at the liquidation map, the period from 12.08 to 12.18 is a densely packed area for short positions, it all depends on the intentions of the market makers.
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