12.20 Saturday Afternoon Market Sharing:
Yesterday's market continued the oscillating upward rhythm, with prices steadily climbing from the evening to the night, and in the early morning period, it faced pressure at the 89300 line and fell back, finding support near 86795 before stabilizing and rebounding.
From the perspective of the structure, the 4-hour level shows a small fractal upward oscillating trend, with prices currently consolidating horizontally at the 88300 line above the middle track of the Bollinger Bands, exhibiting slight expansion signs in the Bollinger Bands opening, and the overall volatility range has noticeably narrowed compared to the past Saturday norms. The 1-hour level Bollinger Bands are in a converging state, with prices showing a narrow oscillating pattern of alternating bullish and bearish movements within the upper-middle track, with multiple attempts to break resistance not effectively succeeding, currently in a correction phase, fully fitting the characteristic of light trading in the weekend market. The likelihood is high that it will maintain range-bound oscillation, primarily focusing on high selling and low buying within the range.
Bitcoin: Rebound to around 88500-89300 to short, target 87000-86000 range, with defense set above 89600.
Ethereum: Rebound to around 2990-3030 to short, target 2900-2800 range, with defense set above 3060. $BTC
