#大户持仓动态 Bitcoin Intraday Technical Review | 12.18 Market Analysis

The long position at 85500 from yesterday was quite good; the first target of 90000 was basically reached as expected.

From the daily chart, today’s high hit 90360, and the low dropped back to around 85300. The resistance at the top of this range remains around 94200, while the support at the bottom corresponds to the 0.786 Fibonacci retracement, which is the 85000 level. However, MACD’s momentum is shrinking, with DIF and DEA already forming a death cross, indicating a clear bearish signal. After the K-line stretched, it sharply reversed downward, so watch the lower Bollinger Band at 85950.

Switching to the four-hour chart, a nice hammer pattern has appeared. The resistance above is at 90185. The key point is that as long as the 86000 level isn’t effectively broken, the death cross won’t be confirmed (laughs), and the bullish logic remains. The upper band focuses on the 90,000 integer level, while the lower band can be referenced around 85200. All indicators currently suggest a bearish trend, but the market is now entering a medium-term support zone, so there is still some rebound demand.

**Trading Ideas**:

Bullish: Enter around 85000, with the first target at 86000-87000. After a breakout, continue aiming for the 90,000 level.

Bearish: Reduce positions or reverse within the rebound zone of 90500-91000, with targets back to 87000-88000.