Currently, after a brief corrective rebound, the market has returned to a downward pressure trend. The rebound strength of the rally is weak; if it cannot stabilize above 88,000, it will be unable to reverse the current pattern dominated by the main trend. From the four-hour chart, a weak downward pattern with three consecutive declines has formed. Although the mid-line support remains solid, temporarily curbing the downward momentum, the bearish trend remains strong, and each small rebound becomes a good opportunity for the bears to add pressure. On the one-hour chart, the selling pressure continues to be released, with the candlesticks constantly testing the lower support zone, and the downward momentum remains abundant. The current decline towards the 85,000 level is gradually being realized, and future operations should focus on this. Operational Suggestions Bitcoin: Short around 86,800-87,000, target near 85,000 Ethereum: Short around 2,940-2,960, target near 2,800
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12.17 Evening Silk Road
Currently, after a brief corrective rebound, the market has returned to a downward pressure trend. The rebound strength of the rally is weak; if it cannot stabilize above 88,000, it will be unable to reverse the current pattern dominated by the main trend.
From the four-hour chart, a weak downward pattern with three consecutive declines has formed. Although the mid-line support remains solid, temporarily curbing the downward momentum, the bearish trend remains strong, and each small rebound becomes a good opportunity for the bears to add pressure. On the one-hour chart, the selling pressure continues to be released, with the candlesticks constantly testing the lower support zone, and the downward momentum remains abundant. The current decline towards the 85,000 level is gradually being realized, and future operations should focus on this.
Operational Suggestions
Bitcoin: Short around 86,800-87,000, target near 85,000
Ethereum: Short around 2,940-2,960, target near 2,800