🌞12.2 Morning Market Analysis
The overall structure remains weak, and the rebound of Bitcoin is insufficient, with no substantial reversal in trend.
On the four-hour level, it is still in a downward channel, with short-term moving averages in a bearish arrangement, and the middle Bollinger band continues to press down. This kind of pattern generally indicates a weak consolidation after a drop, rather than a reversal signal.
Although there is a consolidation on the one-hour level, it still belongs to the oscillation repair after a decline. The K-line relies on the lower rail for a slight rebound but is constrained at key resistance. The MACD shows a low-level golden cross but with a gentle slope and insufficient momentum, essentially still a technical correction within a bearish trend.
The bearish structure remains unchanged, and rebounds are mostly opportunities for shorting; blind pursuit of long positions is not advisable.
$BTC : 87500～86500 area for high shorts, target: 85500, 84500, 83500
$ETH 2850～2800 area for high shorts, target: 2750, 2700, 2650
