12.18 Silk Road Sharing:

The big pie rose and then fell last night, although it briefly broke through the 90000 mark, the upward momentum could not be sustained, and the price fell back to around 86200.

From a short-term perspective, this cryptocurrency shows a bearish oscillation pattern, with the hourly chart trending weakly, and there is support on the 4-hour chart. The core focus is on the defense of the 86000 mark. If this position is lost, the price may drop to 85000, or even further down to a lower range.

In terms of technical indicators, the price has fallen below the 1-hour EMA moving average, the Bollinger Bands are narrowing downwards, and the price is running along the lower track, with bears in control; the MACD dual lines are below the zero axis, green bars continue to expand without significant signs of contraction, and bearish momentum remains ample; the RSI value is below 40, entering a weak area, with no signs of oversold rebound yet.

Current key support is at 85200, and resistance is at 86800 (1-hour MA30). Overall, the rebound strength of the market is insufficient, so it is recommended to be cautious in chasing long positions; those who have not entered the market can remain on the sidelines, and if the rebound encounters resistance, a light position can attempt a short operation.

Big pie operation suggestion: near 86500-87100, look down to around 85500-84000. $ETH #美国非农数据超预期 #BinanceABCs #巨鲸动向