#数字货币市场洞察 Morning BTC and ETH Market Overview and Trading Ideas for December 9

On the 4-hour chart, bulls and bears are in a stalemate, but bears are gradually gaining the upper hand. Although the price experienced a wave of consecutive bullish candles during the rebound, it failed to break through the resistance above, and was then pushed directly below the middle band by a large bearish candle—this indicates heavy selling pressure above. The Bollinger Bands are narrowing, and the price center is moving downward, with the overall pattern looking like it’s building momentum for a downside breakout.

On the hourly chart, there are consecutive bearish candles, showing strong bearish momentum. Although the lower shadows suggest some defense at support, the bulls’ rebound is clearly lacking strength and hasn’t managed much of a counterattack. The KDJ indicator continues to diverge downward, with no obvious signs of reversal yet, and bearish momentum is still being released. The current sideways consolidation is more of a technical adjustment during a downtrend rather than a trend reversal.

Most likely, after this weak consolidation, bears will regain control and continue testing lower levels. Pay attention to changes in market sentiment after the US stock market closes in the morning, but the overall idea remains that the rebound is weak and the trend is still downward. For trading, it's safer to stick to a bearish approach after rebounds encounter resistance.

Suggestion: $BTC Open short near 91300, target 89500; for ETH, open short near 3150, target 3050.