December 26 Bitcoin / Auntie Em Market Outlook

The Bitcoin trend continues, with Ethereum following closely. In the short term, the high-level short strategy remains unchanged.

From the 4-hour chart analysis, Bitcoin's moving averages are turning downward, forming a bearish alignment; trading volume has been decreasing after a rally, and the Bollinger Bands are opening downward simultaneously, indicating strong resistance at the top. Any subsequent rebounds can be viewed as opportunities for short positions. Resistance levels above are significant, and once the price breaks below key support levels, the overall downward space will further open.

Looking at the 1-hour chart, the price shows a short-term oscillating downward trend. Small rebounds failed to break through short-term moving averages, indicating a typical weak rebound signal. Intraday operations can rely on short-term resistance levels to short sell accordingly, but caution is needed to avoid trap rebounds that lure buyers. Hold existing short positions patiently; those who haven't entered yet should wait for a precise entry point after the rebound faces resistance.

Bitcoin Trading Strategy: Short around 87,800-88,500 on rebounds, targeting around 86,500-85,000. If broken, continue to look lower.

Auntie Em Trading Strategy: Short around 2,950-3,000 on rebounds, targeting around 2,850-2,700. If broken, continue to look lower.