On December 15, is BTC and ETH a trap or a real rise?
Those who shout bullish market returns, and those who say bearish market is coming, are all fearful of heights, which is human nature. After the Federal Reserve's rally last week, BTC finally faced a violent drop on Friday evening. Although it has rebounded again now, this kind of sharp drop will wash away the followers and also eliminate the weak-willed bulls.
On Saturday, we still focus on short-selling, targeting a break below 893 to look at 886 and 877. Ultimately, this morning the lowest reached around 87500, and last night we also publicly reminded everyone to wait for the flood.
The technical indicators show weakening momentum, the moving average system is in a bearish arrangement, and trading volume is extremely shrinking, indicating low market participation and insufficient directional signals.
Recently, institutions have increased their investments in crypto assets and policy support brings positive news, but the decline in on-chain inflows and community problems constitute negative news, further reinforcing the market's sideways characteristics.
BTC operation suggestion: short at 90440, add to short at 91440, target 89000 break to look at 88000-87000.
ETH operation suggestion: short at 3165, add to short at 3195, target 3070 break to look at 3030-2990$BTC #加密市场反弹 .


