#BTC $BTC 12.9 Morning Bitcoin Analysis

Core Conclusion: Short-term bearish sentiment is dominant, the downtrend has not ended, and any rebound is an opportunity to go short!

I. Key Market Signals (4H Level)

1. Price Under Pressure and Falling Back: After touching the upper channel in the corrective uptrend, the price fell back directly. Bullish momentum is weak, failing to even break previous highs, indicating a serious lack of structural integrity.

2. Volume Reveals Hidden Risks: During yesterday’s rebound to the key level of 92200, trading volume shrank sharply compared to the previous rally—bulls’ willingness to chase higher is nearly exhausted.

3. Bearish Selling Pressure Confirmed: During this morning’s “waterfall” drop, trading volume increased significantly, with concentrated bearish selling pressure confirming that short-term market sentiment is skewed to the bearish side. There is still no effective reversal signal in trading volume to indicate a bottom.

II. Chilli’s Trading Recommendations

• Short Entry Range: Around 91000 - 91500

• Target Take-Profit Range: Around 88000 - 88500

• Core Reminder: Set strict stop-losses to avoid being swept out by extreme moves, and adjust positions according to changes in trading volume!