12.17 Qin Feng's Afternoon Thoughts

The current market for Bitcoin is weak, consistently staying below multiple moving averages, and the bearish arrangement remains solid. The MACD indicator operates below the zero line, indicating that bearish strength still dominates, and no clear golden cross signal has appeared to suggest a trend reversal towards bullish, creating an overall bearish atmosphere in the market.

Bitcoin is short in the 88000-87000 range, targeting a drop below 86000-84000 to look for 81000.

Ethereum is short in the 3020-2950 range, targeting a drop below 2920-2900 to look for around 2850 #加密市场回调 .