Bitcoin and Ethereum Afternoon Trading Recommendations and Future Trend Analysis: 12/2

Bitcoin and Ethereum Afternoon Trading Suggestions and Directional Analysis: 12/2 From the current structure, the four-hour chart shows that after a sharp decline, Bitcoin found support at 83786 and corrected with two consecutive positive days. However, the overall trend remains downward, with bears dominating. Short-term moving averages are in a bearish alignment, and the Bollinger Band's middle line is moving downwards, suggesting that the market is currently in a weak consolidation phase after the decline, rather than a trend reversal signal. On the one-hour chart, the Bollinger Bands show signs of convergence, with the three bands moving sideways, indicating a possible short-term narrow-range consolidation phase. The price is slowly climbing above the lower band support, attempting to challenge the upper resistance area. However, the rebound has consistently been hampered by key resistance levels, limiting upward potential. While the MACD indicator has formed a golden cross at a low level, the slope is gentle and the momentum is weak, suggesting it's merely a technical adjustment within the market and lacks any real significance of a trend reversal. Overall, the market structure remains bearish. Therefore, this afternoon's strategy is to focus on shorting rallies. For Bitcoin, consider shorting around 87200-87700, with a target of 85500-85000. For Bitcoin 2, consider shorting around 2820-2850, with a target of 2750-2700.