12.8 BTC/ETH Afternoon Silk Road Latest Analysis
Today BTC continues the recent 'V-shaped washing' rhythm, repeatedly testing upwards but struggling to break the previous high points. The overall rebound space is limited, and bullish momentum is insufficient, with a short-term bearish pattern unchanged.
The MACD red bars continue to shorten, and the KDJ at a high level turns downwards, indicating a weakening of bullish momentum; although there is a technical rebound in the 4-hour level, it is a technical recovery after a continuous decline. The middle track of the Bollinger Bands shows significant pressure, and the moving averages are still in a bearish arrangement; during the hourly rebound, the trading volume did not increase, and the rapid rise lacks buying support, appearing more like a technical pullback from short covering, with weak market enthusiasm for chasing prices.
Current key resistance is in the 91500-92500 range; if it cannot effectively break through, the upward space will be limited; support below focuses on 88800-90000, and a break below may trigger a deep adjustment.
Operational suggestion: You can short near 92000-92500, with a target first looking at 90000. If it stabilizes in the 88800-89000 range, you can go long to bet on a rebound;
ETH can be shorted near 3150-3180, with a target looking at 3030, 2930
