$BTC 12.1 On Monday evening, the latest market analysis and trading suggestions for Bitcoin and Ethereum:

On the first Monday morning of December, rumors of Federal Reserve Chairman Powell stepping down hit the market, triggering panic selling in the cryptocurrency sector, leading to a significant decline in the overall market. Bitcoin faced pressure around 91000 and plummeted, fluctuating downwards to hit a low of 85563 by noon. Ethereum followed Bitcoin's weakness, with prices continuously probing downward from the 3030 line, falling to a low of 2830 by noon. In the morning, Qianyu's low long strategy unfortunately faced a stop loss, but this short position still captured over 4000 points for Bitcoin and over 100 points for Ethereum.

From the current market perspective, on the four-hour level, after a large bearish candle broke below the lower Bollinger Band, there was a brief halt in the decline, and prices slightly rebounded; however, the sharp decline triggered by news has already formed, and the current rebound strength is clearly insufficient, merely a technical correction in the downward process. The one-hour level shows that after a heavy drop, the market has experienced a three consecutive small bullish rebound, but the Bollinger Band is in a downward opening shape, with a lack of buying momentum and heavy selling pressure above, leading to an overall weak market structure, with bears showing a tendency to further break below recent lows. In summary, the market is highly likely to continue to probe lower after a rebound correction, suggesting to follow the trend, primarily focusing on high shorts in the short term, while paying attention to small rebound opportunities near the lows. In the evening, Qianyu provided a high short strategy.

Monday evening strategy:

Bitcoin: Can short around 87500, target at 85000

Ethereum: Can short around 2880, target at 2700