Latest updates on BTC/ETH during the day on Tuesday

The current BTC is still in a phase of corrective channel, but the momentum has shown signs of fatigue. After a brief spike during the midnight session, it quickly rebounded; however, the rebound momentum has not been able to sustain itself. The hourly chart shows a consecutive bearish trend, and short-term technical indicators are about to form a high-level death cross, accompanied by an increase in trading volume, clearly signaling a warning for adjustment.

From the four-hour level, although the central pivot has continued to rise, the resistance effect in the upper area of the Bollinger Bands is significant, with multiple tests quickly falling back, confirming the effectiveness of the resistance in this range. The current market situation is overall in a high-level consolidation phase, with the upward space clearly compressed. Combined with volume-price divergence and indicator signal resonance, the probability of a subsequent pullback has significantly increased. Daytime operations are recommended to focus primarily on short positions, with strict risk management.

BTC: Short on the rebound near 88500, first target at 86800, then at 85000;
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ETH: Short around 2950, first look at 2860, then look at 2780.

In a situation where there is not much space during the day, a small layout is good! #BTC #ETH #Gate广场圣诞送温暖 #非农数据超预期 #反弹币种推荐