#BTC 12.2 Afternoon Analysis

After yesterday's significant market drop, it closed with a long lower shadow, seemingly indicating the bulls' resistance. However, the subsequent small bullish candle showed extremely weak rebound strength, which is essentially a technical correction in a downtrend. Each weak rebound is a consolidation period for the bears to gather strength, and the core strategy remains to initiate short positions on rallies.

Focus on shorting opportunities when the price reaches the EMA30 moving average resistance, and rebound momentum shows signs of exhaustion. Set stop-loss above the recent rebound high or key resistance level. Before clear reversal signals such as a significant breakout through multiple moving averages or MACD returning to the zero axis appear, all upward movements should be considered as rebounds, prioritizing the search for shorting opportunities. The current market clearly shows a bearish trend, with a loose rebound structure, insufficient momentum, and pressure from moving averages, which actually provides a better entry point for subsequent declines during this consolidation phase.
Bitcoin suggestion: short in the range of 88200 to 87200, target: 86200, 85200
Ethereum suggestion: Short in the range of 2880～2830, targets: 2780, 2730, 2680