12.28 Market Analysis



In the morning, Bitcoin surged to 87,950 and Ethereum to 2,960. The rebound momentum quickly weakened, and the three consecutive bullish candles on the four-hour chart failed to effectively break through the middle band of the Bollinger Bands, confirming the resistance's validity.
Combined with the overall weak trading activity in the market over the weekend, the short-term rebound is a trap for late buyers, providing an excellent entry point for bears. Maintain a bearish outlook and avoid chasing the rally.

Trading Suggestions:
Bitcoin: Lightly short in batches around 88,000, with a target down to 86,500
Ethereum: Lightly short in batches around 2,960, with a target down to 2,850
BTC0,09%
ETH0,16%
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