December 15 Bitcoin (BTC) contract technical analysis: The long-term daily candlestick pattern is showing a continuous decline, with prices below the moving average. The auxiliary indicators show a golden cross with decreasing volume, indicating that the current downward trend is advantageous. As mentioned before, last week's seemingly strong rebound did not continue to break the high and faced weekly resistance, making a significant pullback very likely, which is an experience; The short-term hourly chart showed a decline yesterday, and this morning it touched the support rebound near the 87500 area. However, the overall trend remains bearish, and the intraday rebound should be viewed as a correction. The current price is consolidating at a high level, but the auxiliary indicators show a golden cross with decreasing volume. In the European session, we still need to watch for pressure and declines. Therefore, today’s BTC short-term contract trading strategy: Sell at the current price around 89900, stop loss at 90500, target at 88900;
