#美联储降息 Analysis of Bitcoin Price Movement on the Night of December 17: Based on the K-line performance and market sentiment, the short-term bears have the advantage.

There are several noteworthy signals on the technical side — on the 4-hour chart, the upper shadow is very long, indicating significant selling pressure above, but the trading volume is insufficient, which is a typical sign of weak momentum. More importantly, Bitcoin has been hovering around the 21-day moving average for over 10 days. For long positions, this time cost is substantial; once the support level below is broken, the corresponding decline could be realized. Aggressive shorts might consider shorting around 105,000.

Specific suggestions: The range of 88,000-86,600 is a relatively efficient entry point for short positions, with a stop-loss set at 89,200. Key levels below include 86,500, 85,000, and 84,000, all of which have certain support significance. $BTC Short-term caution is indeed necessary.