12.18 Bitcoin Afternoon Market Update:



Currently, the market shows significant bearish signals, with prices breaking through key support levels and remaining under pressure. From a technical perspective, the lower band of the Bollinger Bands has been effectively broken, the MACD indicator has formed a death cross and is diverging downward, and trading volume has increased during the decline, further confirming the strong momentum of the bears. On the fundamental side, market sentiment has fully turned pessimistic, with multiple negative factors continuing to ferment, providing solid logical support for the bears.

Bitcoin: Short at around 87,000-87,800 on rebounds, target 86,000-85,000. If broken downward, continue to watch lower; otherwise, consider long positions.

Ethereum: Short at around 2,850-2,900 on rebounds, target 2,780-2,700. If broken downward, continue to watch lower; otherwise, consider long positions. $BTC $ETH
BTC0.29%
ETH1.21%
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