The market on December 8 was like a roller coaster. #ETH走势分析 and $BTC spent the whole day playing with those up-and-down wicks—what are the big players really up to?

Let’s start with Bitcoin. Yesterday’s price action was intense—the lowest drop at night was 87,688, then it shot right back up to 91,720, only to turn down again. Now it’s stuck grinding just above 90,000. On the daily chart, MACD is still trending upward, so the bulls haven’t lost their momentum yet, but there’s resistance at the EMA30 around 93,600, and the upper Bollinger Band is pressing down at 94,500. The four-hour chart is interesting—MACD’s shrinking volume is almost over, and once it stands above 92,000, the DIF and DEA might cross.

The current main battleground? It’s right in the 87,000 to 92,000 range. There’s solid buying support around 87,500 to 88,000, while 92,600 above is a tough resistance. Only if that breaks can the rally continue.

Ethereum was even more dramatic. In the morning, it briefly fell below 2,910, then made a textbook V-shaped recovery, bouncing straight up to near 3,160—a gain of over 8%. Although it gave back some of the gains, it’s now consolidating near 3,130. Technically, the daily MACD’s bullish momentum is fading, and that recent spike on the four-hour chart looks a bit like a bull trap. Watch the resistance band at 3,180–3,200, and above that is the 3,250 line. On the downside, 3,000 is a psychological level and 2,900 to 2,950 is the bulls’ last line of defense—if that doesn’t hold, the trend will reverse.

Current strategy: For $ETH , consider a light short position around 91,600–92,000, targeting 89,500. For $BTC , you can also try a tentative short in the 3,140–3,160 range, aiming for 3,060. Place stop-losses just above 93,300 and 3,220, respectively.

The market is highly volatile, and expectations of Fed rate cuts are still brewing. Bulls and bears are evenly matched and not backing down. These strategies are for reference only—actual trading decisions should be based on real-time market conditions. Trade at your own risk.