Analysis of Bitcoin/Ethereum in the afternoon of December 9th. Zhiyan reminds that the afternoon thinking is bearish.

On Monday afternoon, the market rose first and then fell in the morning. The rhythm was not very large. From the overall performance, there was still a certain pressure test in the oscillating cycle. The news seemed to be shrouded in the emotions of Iran and Israel. Although the market rebounded, the strength was not very strong.

After stepping on the daily support of 98177, the small level began to rebound. ‌

‌Pressure above‌: The primary pressure level of the rebound is 100000, and the stronger pressure levels are 102000, 103723, and 104545. ‌

In the short term, the 4-hour detour on the upper and lower rails, although there was a test in the upper rail area, it did not stand firm and break through. The lower support at the lower rail was also relatively stable, and it rebounded immediately after the pin was inserted. The overall range runs in a wide range of 101500 to 98000. In this stage, the operation is relatively simple after defining the principle of no destruction and no establishment.

Judging from the current mood, the pressure has been shown. After reaching around 101400 in the morning, it began to fall under pressure.

From the one-hour level, the current trend of the shipping market is oscillating downward, and the strength of the bulls is weakening. It is very likely to fall below the 98910 support in the next shock. The note chart continues to be positive and gradually shortens.

Operation suggestions for Monday afternoon (writing time 15:50)

BTC: short near 99900, target around 98600-98300

ETH: short near 3940, target around 3880-3850

Don't hesitate to see the trend, leave professional matters to professionals

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