#数字货币市场洞察 Quick Technical Analysis of Bitcoin and Ethereum on December 9th (Midday)

Bitcoin’s recent movement is quite interesting. On the 4-hour chart, the price keeps oscillating between 89,000 and 90,500, but if you watch closely, you’ll notice the price is gradually shifting downward. It’s failed to break 91,500 multiple times, with very strong resistance above. The most frustrating part is that each rebound high is lower than the last—this shows the bears are slowly accumulating positions, not rushing, but showing more control.

Even if there’s an occasional rebound near 89,000, it’s just a short-term bullish struggle and doesn’t form an effective breakout. The whole market is showing weak consolidation and isn’t really worth watching.

The 1-hour chart explains things even better. The price is quietly nudging downward in the middle of the range, with volatility shrinking. The market’s in wait-and-see mode, and rebounds lack momentum. Those quick pumps? Fake. There’s no follow-through, highs keep getting pressed lower, and the bulls are clearly losing ground. The whole structure is “weakly drifting downward.”

MACD is tangled up near the zero line, repeatedly testing downward, with no bullish crossover. RSI is also running in a neutral-to-weak zone, with rebounds failing to hold above the midline. Buying power is scattered, and the market is still in the bears’ hands.

So the current trading approach is clear: don’t chase longs. Wait for a rebound to stall or face resistance before entering, especially when the price approaches 91,000 or if the rebound clearly loses steam—then you can consider short positions. Risk control must be strict: keep a close eye on the key support at 89,000 to see if it can be broken effectively.

Trading suggestions:
$BTC Consider shorting around 91,000, targeting 89,000
$ETH Consider shorting around 3,150, targeting 3,050

Risk warning: Market volatility is high, please manage your risk accordingly.