12.29 Bitcoin/Ethereum price fluctuations, the market will continue to retrace and decline

For Bitcoin/Ethereum, the white session again plans to position around the retracement of 2980-3010 and near 88800, with a long position mindset. The market surged higher and then fell back, with a relatively large decline, which also indicates a stop-loss for the younger generation. Currently, the market has broken through the previous box structure at 2960 and the 88000 level, and the rebound strength is relatively small, indicating a still bearish trend. On the candlestick chart, the early 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 has already begun to weaken. In the afternoon, it was also mentioned that breaking below 88000 and 2950 again would trigger a downward trend.

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