#美联储降息 12.17 Evening Market Observation

Last night's trend was quite interesting——shorts at 87400 for Bitcoin, building a position at 2942 for Ethereum, completely clearing the entire position. In the end, Bitcoin gained 1200 points, and Ethereum was bitten off by 34 points.

The current situation is a cycle of rebound - pullback - weakness on the hourly level, with bearish pressure releasing wave after wave, and the candlesticks repeatedly testing near the lower band. Structurally, the downtrend is quite complete, and the downward momentum is still strong. When approaching the 87000 level above, strong selling appears, with the real resistance zone between 87500-88000. If the 88000 integer barrier cannot be held, the bearish pattern will strengthen further.

Bitcoin's current idea: short at 87500-88000, with the first target at the 86000 support level, and if broken, continue to look at 85000.

Ethereum: short positions between 2955-3000, with targets set at 2920-2850.

$BTC $ETH $BNB