Three unwinding periods: BTC decline continues high and short term.

OURBIT Gold Analyst Bi Xiaosheng: The uptrend was put under pressure after the BTC high broke 12,000 yesterday, and continued to decline. The lows continue to oscillate after falling below the 11600 line, and the market is currently closing near the 11700 line. Overall, Bitcoin has fallen over the past two days. Indicator Analysis: BTC is fluctuating and consolidating at the bottom. At one hour observation, the Bollinger Bands continued and the MACD speedline climbed to the Golden Fork. KDJ's 3-row headband for the mountain. Daily trading takes place in the middle of the Bollinger Bands, with the KDJ 3-line Cica branching down and the fast and slow MACD line sticking to Cica and going down. Overall, the daily line continued to decline after recovering from the uptrend, and the indicator trended downward. In the short term it will move towards the 11600-11850 area, and if the market returns to 11600 lower support may concentrate near the 11500 area and upper support may be targeted for a strike near the 11900 areas. Sell high and buy low. After breaking through support and resistance, the difference will follow. The market has changed recently, so be careful with your risk.