12.4 Morning Bitcoin and Ethereum Operation Suggestions and Direction Sharing

Looking at the previous market, the 1-hour chart shows that the current trend is weak and fluctuating. The price is moving narrowly around the middle band of the Bollinger Bands, with upper resistance at 93,700 and lower support at 92,100. Recently, the candlesticks have alternated between bullish and bearish. There was a short-term breakout above the upper band, but no consolidation, indicating a clear divergence between bulls and bears. However, the price has not broken out of the Bollinger Bands' range, so short-term consolidation may continue. The Bollinger Bands are narrowing, and the price is near the middle band, with reduced short-term volatility. If the lower band support is broken, there could be room for further downside in the short term. After yesterday afternoon's rally, there was another push higher this morning, but there is still heavy selling pressure above, and the short-term upward momentum is insufficient. Therefore, the morning recommendation is to focus on short-term operations based on selling high and buying low.

BTC can be shorted around 94,200–93,700, watch 92,000
ETH can be shorted around 3,180–3,210, watch 93,100 #BTC #ETH