12.15 Thought Analysis#eth

The Bitcoin four-hour structure is weak, having dropped below the key support area of 89000 with four consecutive bearish candles. Although it paused briefly near 87960 at the lower Bollinger Band, the rebound strength is weak, and it remains under pressure below the moving average system, with the bearish trend unchanged.

At the hourly level, the recovery momentum is insufficient. Although the MACD bearish volume has contracted, the price has not shown a strong rebound, instead forming a low-level fluctuation, which is a continuation pattern in a downtrend. Intraday, one can look to short at high points!

For Bitcoin, consider placing short positions around 88700-89500, targeting near 87000-84000.

For the second coin, short near 3150-3090, targeting down to 2950-2800.