12.10 Qin Feng's Afternoon Analysis

The hourly chart shows a brief rebound, which is actually a weak pullback in the downward process; do not be deceived by the superficial market conditions. Although the Bollinger Bands have not completely narrowed, the upward momentum continues to weaken, and the market volatility hides downward risks. The support below is continuously weakening, and the overall downward space has gradually opened up.

The KDJ indicator has turned down from the overbought zone, and a short-term technical pullback is highly likely to occur, with signs of intensification that will further reinforce the downward pattern. In summary, the bullish momentum is nearly exhausted, and the bears hold absolute dominance. In terms of operations, maintain a firm short position and strictly prohibit blindly chasing long positions.

Bitcoin can be shorted in the range of 93800-92800, with a target around 92000-90000.

Ethereum can be shorted in the range of 3380-3340, with a target around 3300-3250. #美联储重启降息步伐 #加密市场观察