12·17 Morning Market Alert: Weak Rebound, Bearish Advantage Gradually Emerging
Last night, the price quickly surged to the 88000 level but failed to sustain, with bullish momentum rapidly diminishing. Subsequently, the market showed a fluctuation and retracement structure, with the price center returning to around 87700. On the surface, it appears to be a fluctuation repair, but in reality, after a tug-of-war between bulls and bears, the bears have begun to regain control of the pace.
From a technical structure perspective, risk signals are gradually emerging:
In the 4-hour timeframe, the price has consistently operated below the middle band of the Bollinger Bands, with all three bands overall turning downward, and significant resistance above;
MACD is below the zero line forming a death cross, with a bearish momentum structure, and both the strength and sustainability of the rebound are insufficient;
The current pullback appears more like a technical repair rather than a trend reversal, and caution is warranted for further weakening after the rebound.
Operational Thoughts: Rebound under pressure, leaning bearish
BTC: Pay attention to the resistance performance in the 88000—88200 area; if upward momentum is insufficient, monitor the support at 87000—86500 below, and further observe the 85000 line after a breach.
ETH: Focus on the pressure in the 2980—3000 area, with particular attention to the support feedback in the 2900—2850 range below.
Overall, the focus is on adapting to the structure and controlling the pace, and it is not advisable to engage in aggressive operations before the trend is clear. #巨鲸动向
