The Bitcoin short position given last night at 94600 has already reached the first target at 92800.

Evening Trend Analysis on the 12th. Bitcoin will continue to decline.

The rise on Monday, breaking 100,000, may be the last time this year that we see 100,000, giving the illusion that it will reach 150,000, which led many to buy at high positions, ultimately trapping a large number of them. The weekly candle has also transformed from a large bullish candle to a large bearish candle now, and this reversal is meant to trap those who went long.

Starting from Tuesday, the daily chart has been showing consecutive bearish candles, and it wasn't until Friday that there was a slight easing, with a small increase, but it still isn’t enough to save those who went long. So many may choose to average down at that position, which is the result that the major players want, giving you a bit of hope to encourage more investment, thus achieving the goal of the major players.

Over the weekend, the price of the coin hasn’t moved much, basically oscillating around the 94,000 position, but this oscillating market will soon come to an end, finishing tonight, and next week will continue to show a trend of consecutive bearish candles, with any rebounds being very weak.

In the evening, my suggested operation is to go short.

Enter short directly at the position of 94,600. Target to reduce at 92,800 and fully exit at 91,200.

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