12.12 Market Analysis
The four-hour level shows a continuous rise, but it is always pressing against the middle track of the Bollinger Bands, indicating significant pressure above, making it difficult for a direct breakthrough in the short term.
Looking at the hourly chart, although the MACD has started to golden cross, and there are signs of bullish release, the strength is relatively weak, belonging to a 'weak rebound.' In the short term, it is easier to see a pullback, and before confirming a trend-based bullish signal, it is not advisable to blindly chase the rise.
Therefore, the morning strategy still maintains a focus on 'rebound shorts':
$BTC : 92,700 – 93,200 range short Target at 90,000 line
$ETH : 3,250 – 3,270 range short Target at around 3,150
The current rebound resembles a repair rather than a reversal. As long as there is no strong volume breakout above the middle track, the main logic remains bearish, and we should wait for the pullback to complete before looking for new directional signals.
