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12-17 Morning Market Alert: Bears are Coming, Bottom Fishers Be Cautious!
The thrill of breaking up to 88,000 in the early hours yesterday was fleeting! The price performed a W-shaped fluctuation, and after a fierce battle between bulls and bears, it retreated to 87,700, with the oscillation hiding deadly risks!
Technical indicators flashing red: The 4-hour chart shows the price firmly pressed below the middle band of the Bollinger Bands, with all three bands collapsing downward, indicating bears are in full control! The MACD has a death cross below the zero line, with the red histogram skyrocketing—full alert for a decline! Rebound? Pure trap to lure in buyers!
Trading Ideas
Bitcoin: Short decisively at 88,000-88,200! Target 87,000-86,500, and break below that to head straight to 85,000!
Ethereum: Bold short at 2,980-3,000! Target directly at 2,850-2,900!