Thoughts in the afternoon of December 11:
In the early morning, the exchange rate retreated to the low of 94265 and gradually showed a warming trend. After climbing to the 97230 line in the morning, it started a volatile downward trend, reaching a minimum of 95650. In the afternoon, the exchange rate was still in a volatile consolidation range. The trend of Ethereum was basically the same as that of Bitcoin. It reached a low of 3512 in the early morning and then rebounded. The bearish ideas given in the morning have been accurately verified in the actual market.
Analyzing from the current 4-hour market chart, Bitcoin encountered upper resistance during the rebound process and fell below the key support level of 95000 in the early morning yesterday. In the short term, the rebound showed a small volatile upward pattern, which indicates that the price is likely to continue the downward trend in the future. In the short-term 4-hour chart, the Bollinger Band track is running downward. The current coin price has gone out of the upward trend of continuous positive, but the energy is slightly insufficient and it is still running below the middle track. If the middle track cannot be effectively broken in the afternoon, you can rely on this area to short.
Pie is short near 97700-98000, and the target is 96000-95000. If it does not continue to go down, go long
Ether is short in the 3685-3700 area, and the target is 3600-3550
