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12.17 Evening Review Mainly Shorting
Last night, Bitcoin at 87400, currently at a lower price, short; Ethereum at 2942, short; fully exited to lock in gains. Bitcoin gained 1200 points, Ethereum gained 34 points.
The current hourly chart shows a rebound followed by a weak decline cycle, with continued selling pressure from bears. The candlestick repeatedly tests the lower boundary support, indicating a complete downward structure with strong downward momentum. Attempts to rise to around 87000 face strong selling pressure, with key resistance in the 87500-88000 range; if it cannot stabilize above 88000, the bearish trend will continue to strengthen.
Bitcoin (Big Coin) suggestion: Short in the 87500-88000 range, first target at 86000 as a support zone; if broken, continue to watch the 85000 level.
Ethereum (Second Coin) suggestion: Short in the 2955-3000 range, target 2920-2850.