🔥 Gate Square Event | #PostToWinLaunchpadKDK 🔥
KDK | The latest Gate Launchpad spotlight token
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Dec 19, 04:00 – Dec 30, 16:00 (UTC)
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#美国就业数据表现强劲超出预期 $BTC Last night's double kill market movement, although volatility has pulled back, the overall market pattern has already weakened significantly. The rebound from the low of 85200 was not large, and the strength of the rebound was quite soft. The price is stuck around 86100, which is a typical technical correction after a decline—don't expect this to be a reversal signal—the bulls are clearly lacking momentum, and this rebound is mainly short covering.
The key is the range between 86100 and 86500. This area can reveal whether the bears are still dominating the market. If the rebound stalls here or forms a bearish candlestick pattern, Bitcoin is likely to test the support at 85200 again. Once it breaks below this level, the downside space opens up, and it could head toward the 84000-84500 zone. In summary, the market movement this morning is essentially a consolidation within a bearish trend. Unless the price can break through and hold above 87000 effectively, the bearish outlook remains unchanged.
Bitcoin trading strategy: Short at 86500-87000, take profit at 85000
Ethereum trading strategy: Short at 2850-2880, take profit at 2780