12.11 Afternoon Market Analysis

This morning, the market encountered increased bearish pressure around 92,600, causing the price to fall back to approximately 89,400. The daily chart indicates that bullish momentum is weakening and gradually crossing below the moving averages. On the four-hour chart, bearish strength has increased, forming a downward crossover and touching the lower Bollinger Band. The hourly chart shows continuous increase in bearish pressure, with five consecutive bearish candles. Currently, the bearish momentum has not been fully released, so the trading strategy remains focused on high-level short positions, suitable for entering short orders at high levels.

Bitcoin Trading Suggestion: 90,000-90,500 range, target 88,800.

Ethereum Trading Suggestion: 3,200-3,225 range, target 3,125.