December 15th BTC.ETH Is it a false breakout or a genuine rally?

Calling for a return to a bull market, claiming the bear market is here, but everyone is afraid of heights—that's human nature. After last week's Fed-driven surge, BTC finally experienced a violent sell-off on Friday evening. Although it has rebounded now, this kind of decline will shake out the momentum traders and those with weak resolve.

On Saturday, our main strategy remains to short, with targets at 893 breaking through to 886 and 877. This morning, the lowest point reached was around 87,500. Last night, we also publicly advised to wait for the floodgates to open.

Technical indicators show weakening momentum, with a bearish moving average alignment and extremely reduced trading volume, indicating low market participation and insufficient directional signals.

Recently, institutional accumulation of crypto assets and supportive policies have brought positive signals, but declining on-chain inflows and community issues are negative factors, further reinforcing the market's sideways trend.

BTC trading advice: Short at 90,440, add to short at 91,440, with a target of 89,000, and look for a break below 88,000-87,000.

ETH trading advice: Short at 3,165, add to short at 3,195, with a target of 3,070, and look for a break below 3,030-2,990.