In December, Bitcoin faced a sharp decline due to bearish pressure. As mentioned over the weekend, the bears are set to take control. We had already arranged to short at the 91,000 level, and now the price has dropped directly to the 87,000 mark, a decline of 4,000 points. Our long-term short position is still held. This drop is just the beginning. Bulls ⚠️

The four-hour candlestick chart shows a large bearish candle, breaking below the support of the lower trendline. The price is currently consolidating around 87,000, with little momentum for a significant rebound. The price is expected to continue to probe lower, with the current pattern indicating a bottom around the 80,600 level. A pullback to this level is just a matter of time.

For those holding long-term shorts at high levels, it is advisable to continue holding. If you are not in a position, consider gradually shorting in the 87,800-88,300 range, targeting a break below 85,000 to look for levels around 82,000.

Follow the public account, "How to Relieve Worries, Only Jiang Wei," a treasure analysis blogger with high emotional value. He shares trading education for free, bringing stability and clear guidance in the volatile trading market, with experience spanning three bull and bear cycles and years of practical trading. He specializes in naked K, trends, Dow theory, Gann, harmonics, Chan theory, Elliott Wave theory, and other technical analyses, compiling them into his unique insights.

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