12.17 Wednesday Bitcoin and Ethereum Evening Analysis

In the current four-hour Bollinger Bands analysis, it is observed that the channel continues to expand downward. The market has attempted multiple times to break through the 88,500 resistance level but has failed to achieve an effective breakout, indicating strong upward resistance.

In the short term, the support level remains at 85,000, and the market is expected to further test the stability of this support.

For evening trading strategies, it is recommended to focus on shorting at high levels and consider long positions at low levels. The current price is near the lower end of the range, so it is advisable to observe for potential rebound movements.

Bitcoin recommendation: 87,200-87,500 Currently 85,500

Ethereum recommendation: 2,980-3,010 Currently 2,800