12.8 BTC/ETH Afternoon Silk Road Latest Analysis

Today, BTC continues the recent "V-shaped wash" rhythm, repeatedly testing upwards but struggling to break previous highs. The overall rebound space is limited, and bullish momentum is insufficient, maintaining a short-term bearish pattern.

The MACD red bars continue to shorten, and the KDJ at a high level is turning downwards, indicating a weakening of bullish momentum; although there is a technical rebound on the 4-hour level, it is a corrective move after consecutive declines. The middle band of the Bollinger Bands shows clear resistance, and moving averages still present a bearish arrangement; during the hourly line rebound, trading volume did not increase, and the rapid rise lacks buying support, resembling a technical pullback of short covering, with weak market enthusiasm for chasing gains.

Current key resistance is in the 91500-92500 range. If it cannot break through effectively, the upward space will be limited; support below is focused on 88800-90000, and breaking below may trigger a deep adjustment.

Operational advice: Consider selling near 92000-92500, with an initial target of 90000. If it stabilizes in the 88800-89000 range, consider reversing to long for a rebound;

ETH can be sold near 3150-3180, targeting 3030 and 2930.

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