12-24 Morning Market Analysis (Chi Li)

On the four-hour chart, the price continues to be under pressure at the lower Bollinger Band. Even though it briefly rebounded to the middle band area, the upward momentum of the candlestick body is clearly insufficient, forming a typical stagnation pattern. This indicates that the short-term bullish momentum has significantly weakened, and the upside potential is extremely limited.
Meanwhile, the MACD indicator has completed an effective death cross and has simultaneously shown a top divergence signal. The two lines continue to diverge downwards, with bearish momentum completely dominating. The current bearish pattern is further strengthening, and the risk of a pullback is continuously accumulating.
Morning operation suggestions for 12-24
Bitcoin:
• It is recommended to set up short positions near the 87800–88500 range.
• The target first looks at the 87000 first-line support
• If it effectively breaks below 87000, you can increase your position and look for even lower targets.
Ether:
• It is recommended to set up short positions near 2970.
• The first target is the 2900 area.
• If 2900 is effectively broken down, you can continue to hold and look for lower levels #加密市场小幅回暖 .