Cangqiu: 12.16 Bitcoin/Ethereum rebound falls short of expectations, market sentiment remains difficult to reverse

Bitcoin and Ethereum repeatedly warned to follow the trend during yesterday's pullback. The market once reached around 85,000 and 2,900, with space fully utilized. Currently, Bitcoin's EMA trend indicator on the daily chart shows a bearish trend, Bollinger Bands are opening downward, and MACD remains dead-cross below the zero line. The 4-hour timeframe shows obvious short-term bearish features; RSI has moved out of the oversold zone and needs technical correction, but the rebound strength is limited.

In terms of candlestick patterns, recent prices show a oscillating downward trend, with weak rebounds after declines, remaining overall weak. Clear resistance levels are formed above. On the technical indicators in the 4-hour cycle, the MACD histogram continues below the zero line, and both DIF and DEA are moving downward, indicating dominant bearish strength. Support levels are around 84,000 and 2,800, with potential dips to 82,000 and 2,720 Bollinger lower bands; resistance is concentrated at 87,500-88,000, 90,000, and ranges like 3,020 - 3,050, 3,130.

Operational suggestions: Short near 86,300-86,800 for Bitcoin, targeting around 84,000-85,000; short near 2,940-2,960 for Ethereum, targeting around 2,840-2,870.

Daily analysis and strategy have a high success rate, all can be observed. The analysis and strategies are for reference only; please bear the risks yourself. The article's review and publication are not timely, so please refer to real-time data! #FHE代币剧烈波动 #加密市场反弹 #Federal Reserve rate cut forecast