#数字货币市场洞察 How do BTC and ETH look this afternoon? December 7th trend analysis

To be honest, the current market situation doesn’t look great. Several technical signals are lining up—an Evening Star pattern just formed, and a death cross appeared in the moving averages. When these two coincide, it’s basically shouting “downtrend.” In the short term, BTC may need to test the key level at 80,600, and whether it can hold remains to be seen.

Looking at the moving average system: The price is now suppressed below both the short-term and long-term moving averages, and the short-term moving average continues to trend downward, with clearly insufficient momentum. In this structure, the probability of further pullback is quite high.

However, what's interesting is that the Bollinger Bands and RSI indicators seem pretty calm—volatility is normal and there’s no excessive panic. This is a bit contradictory and doesn’t align with the other bearish signals. So in the short term, there might be a rebound or some range-bound movement rather than a straight drop.

For afternoon trading, I still lean toward shorting on rallies:

For BTC, consider short positions in the 89,700-90,200 range, targeting 88,500-88,000;

For ETH, you can try shorting around 3,050-3,070, with a target at 2,980-2,950.

Of course, remember to set your stop-loss before entering any trades, as market sentiment is a bit erratic right now.