#大户持仓变化 Tuesday's quick overview of Bitcoin and Etuarium market conditions:
Technical indicators are weakening layer by layer. On the four-hour chart, the price is firmly hugging the lower Bollinger Band, showing that the bulls are clearly exhausted, and the bears have now taken control. Although on the one-hour timeframe there is still some short-term tug-of-war between bulls and bears, and MACD shows signs of a crossover, there are no strong rebound signals yet. The downward momentum is rapidly building. The key strategy for the afternoon is straightforward—mainly bearish, focusing on these two ranges: For BTC: Enter short positions between 86500-87000, with the first target at 83000. For ETH: Enter short positions in the 2950-2980 range, with the target around 2800. The rhythm of $BTC and $ETH 's movements warrants ongoing attention, as short-term correction pressures are indeed increasing.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
3 Likes
Reward
3
5
Repost
Share
Comment
0/400
BigBoss07
· 19h ago
It will be okay if BTC stable
Reply0
CryptoSocietyOfRhinoBrotherIn
· 12-17 04:23
Stay strong and HODL💎
View OriginalReply1
CryptoSocietyOfRhinoBrotherIn
· 12-17 04:23
Hop on board!🚗
View OriginalReply1
Discovery
· 12-16 10:37
Indicators for BTC and ETH are weakening; in the short term, correction pressure is increasing while the specified levels remain critical.
#大户持仓变化 Tuesday's quick overview of Bitcoin and Etuarium market conditions:
Technical indicators are weakening layer by layer. On the four-hour chart, the price is firmly hugging the lower Bollinger Band, showing that the bulls are clearly exhausted, and the bears have now taken control. Although on the one-hour timeframe there is still some short-term tug-of-war between bulls and bears, and MACD shows signs of a crossover, there are no strong rebound signals yet. The downward momentum is rapidly building.
The key strategy for the afternoon is straightforward—mainly bearish, focusing on these two ranges:
For BTC: Enter short positions between 86500-87000, with the first target at 83000.
For ETH: Enter short positions in the 2950-2980 range, with the target around 2800.
The rhythm of $BTC and $ETH 's movements warrants ongoing attention, as short-term correction pressures are indeed increasing.