December 16 Bitcoin Market Outlook

Analyzing the 4-hour technical structure, Bitcoin experienced a rapid decline to the key level of 85231, then stabilized and rebounded. The current price has already regained above the 86000 threshold, with downward momentum significantly weakening. Regarding the Bollinger Bands, the price quickly bounced back after touching the lower band and is now trading within the lower to middle band range, with the lower band forming an effective support. The KDJ indicator's three lines are turning upward simultaneously, and the values are continuously rising, with a golden cross trend initially emerging, indicating that short-term bullish momentum is gradually accumulating. Overall, the technical indicators suggest that short-term buying opportunities are favorable.

Bitcoin trading suggestion: Wait for a retracement around 85300-84800, then look upward towards 86500-88000. If a breakout occurs, continue to aim higher. #加密市场反弹 #美联储降息预测