The current market is still in a consolidation phase, and the direction is not yet fully clear. From the daily chart, the candlesticks are near the lower Bollinger Band, with downward space gradually expanding. The lower band continues to move downward, indicating that bearish momentum has strengthened. On the four-hour chart, the three Bollinger Bands are trending downward overall, showing a clear bearish sentiment. In the evening, after a rebound near the middle band, prices faced resistance and quickly fell back, with the middle band becoming a key resistance level. Short-term rebound momentum has weakened. For subsequent operations, you can continue to use the middle band as a reference for resistance, and consider shorting when encountering a high rebound.
Bitcoin (BTC) range: 87,900-87,100, target around 85,700 Ethereum (ETH) range: 2,975-2,995, target around 2,835
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December 17th, Wednesday morning BTC/ETH sharing
The current market is still in a consolidation phase, and the direction is not yet fully clear. From the daily chart, the candlesticks are near the lower Bollinger Band, with downward space gradually expanding. The lower band continues to move downward, indicating that bearish momentum has strengthened. On the four-hour chart, the three Bollinger Bands are trending downward overall, showing a clear bearish sentiment. In the evening, after a rebound near the middle band, prices faced resistance and quickly fell back, with the middle band becoming a key resistance level. Short-term rebound momentum has weakened. For subsequent operations, you can continue to use the middle band as a reference for resistance, and consider shorting when encountering a high rebound.
Bitcoin (BTC) range: 87,900-87,100, target around 85,700
Ethereum (ETH) range: 2,975-2,995, target around 2,835