Looking back at the morning market, Bitcoin was as expected, continuously dipping, starting from a high of 110600 and falling to around 107200, with a one-sided downward movement of nearly 3200 points. We locked in our morning layout's short position with a profit of nearly 1200 points, while Ether gained 55 points in line with the trend. In each wave, we only take what we should and do not chase perfect points, focusing instead on winning steadily. Currently, the price is around 107500.

The previous high-level consolidation range has been effectively broken, with the 110,000 key psychological level and previous support now turned into strong resistance recently. The price continues to operate below the short-term moving average group (such as the 1-hour MA60), and the moving averages are in a bearish arrangement, indicating a complete downward trend structure. The rebound from the low of 107,200 is weak, and the trading volume has not significantly increased, which is a typical technical correction after an oversold condition. Any upward attempts face intense selling pressure in the 108,000-108,500 range, with weak bullish counterattack intentions. Currently, the 107,000-107,500 area is only a preliminary support platform, and its strength remains to be tested. Once this defense line is breached, the next target for bears will directly point to 106,000 or even 105,000 at lower levels, with further downward space expected to open up.
#十二月降息预测 $BTC
Pancake strategy: short in the range of 107500-108000, target 106300
Ether strategy: Short in the 3730-3750 range, target 3650