$BTC 12.2 Evening Bitcoin and Ethereum Market Analysis

Do you think the cryptocurrency market is all about technology? Wrong! It's about the ability to withstand pressure; when others panic and sell at a loss, you dare to hold on, when others chase highs in a frenzy, you dare to pause, and when others are trapped and cursing, you are reviewing. The fluctuations on the K-line are not just numbers; they reflect human greed and fear. Those who can endure the late-night waterfalls and resist the temptations of dawn are the ones worthy of holding onto doubling chips. The market never shows mercy to fragile hearts; true traders are the ones who quietly accumulate positions on the brink of others' collapse.

From a deep technical analysis perspective, the current downward trend channel structure remains intact, and the bear pressure has not shown any substantial reduction! The key resistance level is locked at 87300; this position is both a core watershed for short-term bullish and bearish battles, as well as an important verification line for trend reversal. If the price does not form an effective breakthrough upon rebound, and fails to establish a solid position in this resistance area, the market will likely continue its oscillating downward pattern. Subsequently, caution is needed regarding the risk of continuous breakouts below the support levels. It is recommended to primarily focus on short positions when the price rises; do not blindly bottom-fish, and strictly adhere to trend logic and risk control rules!

Large Bitcoin short near 87000-87500, target at 85000

Ethereum short near 2820-2840, target at 2700