12.17 Market Analysis - The Rebound is a Shorting Opportunity
Last night, after quickly breaking above 88000, it fell back sharply, forming a fluctuating downward structure, currently consolidating around 87500.
From a technical perspective, the 4-hour level is under pressure at the middle Bollinger band, with the upward structure already broken; the Bollinger bands are opening downwards, and the MACD continues to show a dead cross below the zero axis, with bearish momentum continuously being released. The overall trend is bearish, and short-term rebounds are more of a trap for the bulls, so bottom-fishing is not recommended.
Trading Strategy: Focus on shorting during rebounds.
$BTC : Short positions in the 88000–88200 range, targeting 87000 / 86500, with a breakdown looking at 85000.
$ETH : Short positions in the 2980–3000 range, targeting 2900 / 2850.
Control your positions, set stop-losses, and be quick in and out.
