Liangqiu: 12.29 Bitcoin/Ethereum fluctuating with upward and downward spikes, the market will continue to retrace and decline

For Bitcoin/Ethereum, the white session again plans to position with a retracement around 2980-3010 and near 88800 for long positions. The market surged higher and then fell back, with a relatively large decline, indicating that the nephew's position has been closed. Currently, the market has broken through the previous box structure at 2960 and the 88000 level, and the rebound strength is relatively small, with the overall trend still leaning bearish. On the candlestick chart, the early trading session shows a oscillating upward trend, with the highest reaching around 3056 and 90300, but then it pulled back and declined. The daily K-line shows multiple long upper shadows, indicating strong selling pressure above. On technical indicators, in the 4-hour cycle, DIF and DEA are gradually rising, and the MACD histogram has shifted from negative to positive, but the trend is already weakening. In the afternoon, it was mentioned that breaking below 88000 and 2950 again would signal the start of a downward trend.

Evening trading suggestions: Short near 87500-88000 for Bitcoin, target around 85000-86000; short near 2960-2980 for Ethereum, target around 2850-2900.