#美联储重启降息步伐 December 8th, Monday Evening Market Observation
Based on the current candlestick patterns, Bitcoin is displaying a typical bearish trend on the daily chart. The EMA moving averages are not positioned favorably, and the death cross remains valid. The most recent daily candles have even formed an evening star—an obvious reversal signal—indicating that the bulls are clearly lacking momentum, with each rebound appearing weak and feeble.
Short-term trading strategy: Consider opening short positions at higher levels
Specific reference points: • Consider gradually opening short positions in the 92,700–93,500 BTC range • Key support below is around 89,000
For more aggressive traders, you can enter in batches but remember to set your stop-loss. $BTC On the macro side, changes in the Fed's rate cut pace are factors worth continuous attention.
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BugBountyHunter
· 21h ago
The death cross is here again. Is it real this time or is it just another trap to lure me in?
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ETHReserveBank
· 12-09 06:49
The Evening Star pattern has appeared, so we really need to be cautious this time. Opening short positions between 92,700 and 93,500 seems right, just worried the Fed might pull some tricks again.
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MonkeySeeMonkeyDo
· 12-08 12:10
It’s the death cross again, and the evening star—feels like everyone’s bearish every day, haha.
I don’t really buy 89000 as the bottom; feels like there’s still more dumping to come.
If the Fed pulls any more tricks, we’ll be in even worse shape.
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YieldFarmRefugee
· 12-08 12:08
The evening star pattern has appeared; this time it really feels a bit risky.
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PumpDoctrine
· 12-08 12:07
The death cross is here again. Once the evening star appears, it's basically over. I agree with setting up short positions.
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GasWhisperer
· 12-08 12:04
the death cross still hitting different... but ngl those wicks feel a bit too clean, mempool's been weirdly quiet tho 🤔
Reply0
NFTArchaeologist
· 12-08 11:51
The death cross is here again. Is it real this time, or is it another fake-out?
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HodlVeteran
· 12-08 11:47
Oh man, it's always the death cross this, evening star that. As an old hand, my ears are getting calluses from hearing this stuff. Back in 2018, I got suckered into the technical analysis hype and ended up losing 50%. Seriously, don't follow me down that path.
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Short at 92,700? I suggest you first ask yourself how much ammo you have left in your account. Don’t end up having to cut losses and bail out when the market reverses.
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I just want to ask: if the Fed is slowing down rate hikes, why is BTC still dropping? This logic feels twisted.
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Buying in batches again? Bro, that's every retail trader’s favorite move, and every batch just ends up as bagholders in the altcoin market. Now I’m just holding tight and doing nothing.
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When will this 89,000 support finally hold? I’ve been watching it for three days and it feels like it’s about to break. It’s exhausting.
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Honestly, I’m sitting this one out. Surviving is winning. For those still thinking of going all-in, I’m worried for you.
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HappyToBeDumped
· 12-08 11:44
The death cross is here again. Is the price really going to crash this time...
The evening star pattern has formed, and the bulls are definitely scared.
Short positions around 92500, remember to set your stop loss properly, don’t get reckless.
The Fed is stirring things up again, so it’s still bearish in the short term.
A weak rebound is a signal—let’s wait for a breakout before making any moves.
#美联储重启降息步伐 December 8th, Monday Evening Market Observation
Based on the current candlestick patterns, Bitcoin is displaying a typical bearish trend on the daily chart. The EMA moving averages are not positioned favorably, and the death cross remains valid. The most recent daily candles have even formed an evening star—an obvious reversal signal—indicating that the bulls are clearly lacking momentum, with each rebound appearing weak and feeble.
Short-term trading strategy: Consider opening short positions at higher levels
Specific reference points:
• Consider gradually opening short positions in the 92,700–93,500 BTC range
• Key support below is around 89,000
For more aggressive traders, you can enter in batches but remember to set your stop-loss. $BTC On the macro side, changes in the Fed's rate cut pace are factors worth continuous attention.