12.20 Bitcoin and Ethereum Morning Public Strategy
Currently, Bitcoin and Ethereum show dense bearish signals on the technical charts, and short-term rebounds are weak, making it difficult to change the downward trend. The RSI rebound failed to break above the 50 neutral line, indicating insufficient bullish momentum; Ethereum appears even weaker. After losing the $3000 level, the hourly chart formed a "false breakout followed by a engulfing" pattern. The Bollinger Bands remain open downward, with resistance at $2985 and the four-hour midline forming a double suppression.
Bitcoin: Range trading around 88,500-89,000, target 87,500-87,000
Ethereum: Range trading around 2,990-3,010, target 2,910-2,890
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12.20 Bitcoin and Ethereum Morning Public Strategy
Currently, Bitcoin and Ethereum show dense bearish signals on the technical charts, and short-term rebounds are weak, making it difficult to change the downward trend. The RSI rebound failed to break above the 50 neutral line, indicating insufficient bullish momentum; Ethereum appears even weaker. After losing the $3000 level, the hourly chart formed a "false breakout followed by a engulfing" pattern. The Bollinger Bands remain open downward, with resistance at $2985 and the four-hour midline forming a double suppression.
Bitcoin: Range trading around 88,500-89,000, target 87,500-87,000
Ethereum: Range trading around 2,990-3,010, target 2,910-2,890
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