#BTC 12.12 Early Morning Bitcoin and Ethereum Market Analysis and Trading Suggestions

Currently, Bitcoin's chart has shown clear signs of a bearish dominance. After a waterfall decline this morning, the price remained below the key psychological level of $90,000 and continued to fluctuate narrowly below it. The rebound momentum is weak, and buying confidence is markedly lacking. The slight correction after the US stock market opened last night further confirms the market's rebound momentum has waned. Currently, the price hovers around $90,000, with an overall downward shift in the center of gravity.

From a technical structure perspective, the 1-hour and 4-hour moving average systems have formed a bearish alignment, with the price continuously under pressure below the major moving averages. The area around 90,500-91,000 has formed a clear short-term strong resistance zone. Without a significant volume breakout, the market's further downward exploration after a weak consolidation becomes highly probable. Key support levels to watch include the low point of 89,200 from yesterday. Once this level is effectively broken, the downward space is expected to open further, with targets possibly reaching the 88,000-87,500 region.

Overall, after experiencing a sharp decline, the market has not shown any strong technical recovery but instead has entered a weak sideways consolidation, which is a typical signal of the continuation of a bearish trend. For current trading, it is recommended to maintain the overall strategy of selling on rebounds. Pay close attention to resistance and overbought signals when the price rebounds to the 90,300-90,600 range, and consider gradually shorting in batches. The initial target for the downside is to watch the 89,400 break; further targets are the 88,000-87,500 area. Risk control should be set above 90,600.

In the early morning, you can short Bitcoin around 90,500, with a target of 89,000.
In the early morning, you can short Ethereum around 3,220, with a target of 3,120.#美联储降息预测 #广场发帖领$50 #加密市场反弹