Evening Outlook on December 8:
The daily chart of Bitcoin showed a long bullish candle on the 10th, followed by two consecutive bearish days, indicating signs of a high-level pullback. In the 4-hour cycle, the price has repeatedly tested the range but failed to break through, showing a recent trend of oscillating downward. The MACD in the 4-hour cycle is consistently diverging downwards, with the green bars expanding, indicating a short-term bearish dominance; the MACD at the daily level is still above the zero line, but momentum is weakening.
Trading Suggestions:
119000-118700🈳, target 117600-116600, stop loss at 119300
Second Bitcoin: 4330-4300🈳, target 4200-4100, stop loss at 4350
(Changes in the market are rapid, for reference only!)
