12.8 Bitcoin/Ethereum evening wicks up and down, continue to focus on pullback during the early morning

Bitcoin/Ethereum intraday once again sets up two high short positions, the second one is placed at 89500 and 3020 during the pump, directly targeting these two-day highs at 3070 and 90300, as previously mentioned. The market has surged from the lows around 2903 and 87700 to highs of 91500 and 3133, which is a relatively large increase. After a significant drop recently, the candlestick pattern shows a gradual rebound, currently forming a volatile upward trend. The four-hour long lower shadow bullish candle indicates strong buying support at the lows. On the technical indicators, in the four-hour cycle, both DIF and DEA are near the zero axis, and the MACD histogram has turned from negative to positive, showing strengthening bullish momentum, but sustainability still needs attention. Currently, the price is near the previous resistance area, so we can continue to look for a pullback first.

Early morning trading suggestion: Short Bitcoin at the current price of around 91300 to 91800, target around 89000; short Ethereum at the current price of around 3130 to 3150, target around 3040, if it breaks lower, keep looking down, with stops at 93000 and 3200.