Early this morning, the market experienced a clear bottoming and rebound. The price of BTC initially dipped and found support around 84011, stopping the fall, and then started to rebound. So far, it has reached a high of 86817. The movement of Ether is highly correlated with BTC, showing an almost identical rhythm. After dipping to 2718 early in the morning, the price stabilized and subsequently followed BTC, rebounding to a high of 2812.

From the four-hour level, although the price has shown two consecutive bullish rebounds, attempting to test the resistance upwards, the upper and middle bands of the Bollinger Bands have clearly turned downward. Although the overall channel appears to be opening, it indicates that space is being continuously released. This proves that the current rebound is merely a technical correction within a downward trend, with bearish momentum still dominating the market, and the overall weak pattern has not been reversed. Although the one-hour chart has shown consecutive bullish movements, the volume is insufficient, and the momentum indicators have not strengthened, essentially reflecting a technical recovery after a sharp decline, rather than a trend reversal. Overall, the price ratio is in the mid-section of a downward channel recovery; as long as it does not break above the resistance level, the rebound will ultimately provide opportunities for short positions. Therefore, the operational mindset in the morning remains unchanged.
Operation suggestion: Short BTC around 86800, target around 86000.
Short near 2820 of ETH, target around 2754 #成长值抽奖赢iPhone17和周边 #十二月行情展望