Bitcoin has recently shown a continuous downward trend on the daily chart, forming multiple large bearish candlesticks, indicating strong downward pressure. On the 4-hour chart, the price is consolidating at low levels with a slight rebound, but it remains within a downward channel and has failed to break through previous highs. The MACD continues to run below the zero line, with the histogram shortening but still showing negative values, indicating weakening downward momentum but not yet a bullish reversal. The RSI is approaching oversold territory, suggesting a potential technical rebound, but its strength is limited. The price is currently below the EMA7, EMA30, and EMA120 moving averages, which are arranged in a bearish pattern. For tonight's trading, it is recommended to enter positions on rebounds at higher levels. Specifically, for Bitcoin, enter around 86800 to 87300, with a target around 85000; for Ethereum, enter around 2940 to 2980, with a target around 2850. However, market conditions are constantly changing, and this article is time-sensitive. Those entering positions should refer to real-time guidance.
Xiaoyao KOL: Bitcoin and Ethereum Evening Market Analysis 12.16
2025-12-16 10:16:56
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