Bitcoin monthly closes, down trend remains unchanged

On the left, we see bitcoin rebounding in October and continuing to close out the negative line in November, forming a downward pattern.
And from the moving average, the pressure of ma6 began to show, and the support of ma18 will be tested.
December, the problem that bulls had to solve was to hold on to ma18, which is currently around $6,850.
The task of challenging ma6 is more difficult, most likely in mid-December.
Macd has a red bar this month, and if the closing price is below $7,500 by December 31, the trend of shorting is formed.
So now the bulls are in a very dangerous state and need to be very careful.

On the right, the weekly line looks better, because it continues to fall for 21 weeks, and then the sun line, so the bulls have the will to bottom here.
But we also see significant pressure on the short- and medium-term moving averages.
Ma6 also shows signs of accelerating decline, so the success of the rally here depends on the determination of the bulls.
But from the time period, a relatively reasonable bottoming, should be a horizontal shock 2-3 weeks, and then launched an offensive, that success rate may be higher.

Strategy: The daily line's rebound entered the stage of uncertainty, but the weekly line has been falling for a long time, there is a rebound demand. Now bulls and shorts have a chance, in operation, should be kept on the sidelines. Wait for the trend is clear before determining the direction of operation, this is my suggestion, you can refer to.