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#数字资产市场动态 December 29 Evening Bitcoin and Ethereum Technical Review
After reviewing the market, the momentum indeed appears somewhat weak. Although Bitcoin's daily chart attempted to break through previous resistance levels, it was immediately pushed back down upon reaching them. The pullback did not reach the expected depth or range—indicating that the selling pressure above is quite heavy. From the candlestick patterns, the price has completed a weak rebound and now shows signs of weakening again.
The short-term trend is even more evident. After a period of consolidation, there have been consecutive downward candles with good continuity, further confirming a short-term bearish pattern. The key now is whether the price can effectively break below the critical support. If it breaks down with increased volume, there is room for further decline; if it lingers around the support zone, caution is needed as the downward momentum may exhaust itself, potentially leading to a rebound.
Overall market sentiment is bearish but not yet a one-sided decline. The trading approach should be cautious, maintaining a bearish outlook, and adjusting positions based on key breakouts. Risk management is the top priority.
Reference suggestions:
- Consider short positions around 88500 in BTC tonight, targeting 87000
- Consider short positions around 3000 in ETH tonight, targeting 2900
Remember to set your stop-loss orders properly and execute strictly.