Evening of 12.1

From the 1-hour K-line chart, Bitcoin has experienced a rapid decline in a short period, dropping from 91934.4 to 85563.7, a decrease of about 5.02%; the price trend is currently in a downward trend, with the price oscillating around 86606.7; the lower support level is at 85563.7, and if this position is broken, it may further explore downward. A large bearish candle appeared in the morning, followed by small bearish and bullish candles, indicating strong bearish pressure, but there is some resistance from the bulls. It has broken through the middle band of the Bollinger Bands and is currently near the lower band, indicating a weak market in the short term.

The KDJ indicator's three lines are converging at a low position, showing signs of upward divergence, indicating that there may be a rebound in the short term. The MACD indicator's DIF and DEA are below the zero axis, and the MACD histogram is green, indicating that the bearish forces are still dominant, but there are signs of the histogram shortening, suggesting that the bearish forces are weakening.

Overall, the Bitcoin is in a short-term downtrend, but there are signs of a rebound. The evening strategy suggests a pullback to around the 85832--85006 range, where a light position can be taken, with targets looking towards the 87336--88234--89321 range.

The current overall trend of Ethereum is similar to that of Bitcoin. The morning strategy suggests a pullback to the range of 2805--2760, where a light position can be taken, with the target looking towards the range of 2880--2920.

The above is just a personal suggestion and for reference only. Please refer to the layout of Haoyu Shipan for specifics $BTC $ETH