Bitcoin and Ethereum Evening Trading Suggestions and Future Trend Analysis: 12/16 Currently, the market shows a clear lack of direction within the 4-hour timeframe. Technically, the moving average system is in a bearish alignment, with prices below the moving averages, signaling a strong sell signal. However, recent bullish engulfing patterns suggest there may be potential for a market reversal, creating conflicting signals between bulls and bears. Additionally, the shrinking trading volume indicates limited selling pressure at present, and investor sentiment is leaning towards caution. The current market is in a consolidation zone with an unclear trend, and prices are approaching a strong resistance level of 88247.1 USDT. Combined with the bearish moving average signals, it suggests that shorting near the resistance level is a prudent strategy given the current market conditions. The recommended trading approach is to primarily short at higher levels:


Bitcoin around 87500-88000 can be shorted, with targets around 86000-85500
Ethereum around 2960-2980 can be shorted, with targets around 2880-2830
BTC0.64%
ETH3.32%
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ABABBABAvip
· 12-17 08:00
Risk control is key, only then can returns be guaranteed.
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