12.19 Morning BTC/ETH Latest Analysis
From the current market perspective, recently the big coin encountered resistance when it surged to the 89500 level after the CPI data was announced, then it fell back down by 4000 to oscillate in the 84500-85000 range.
The four-hour recovery of the big coin is an illusion, encountering resistance in the upward direction + exhaustion of momentum, the downward trend remains unbroken; the Bollinger Bands are trending downwards, with bearish signals fully activated, firm high shorts in the morning.
BTC: Short near 85800-86800, looking down to around 83500
ETH: Short near 2860-2890, looking down to around 2750
