Xiaoyao KOL: Bitcoin and Ethereum Afternoon Market Analysis 12.17

Last night's strategy was to enter at higher levels, with Bitcoin and Ethereum around 87200 and 2960 respectively. The price reached lows of around 86000 and 2880, with limited overall movement. The daily chart for Bitcoin shows a recent pattern of long lower shadows and a fluctuating upward trend, but the overall trend remains downward. On the 4-hour chart, the price action shows a pattern of rebounding followed by a gradual decline. The MACD histogram has shrunk from negative to positive, with the DIF and DEA lines still below the zero line, indicating weakening upward momentum but not yet fully recovered. The market hasn't fully turned bullish; the RSI is in a neutral-to-weak range, indicating a short-term technical rebound is possible. However, the EMA7 has been broken, and both the EMA30 and EMA120 are higher than the current price, suggesting the overall trend remains downward. Intraday trading is recommended to buy on rallies. For Bitcoin, consider entering around 87,500-88,000, with a target of around 85,500. For Ethereum, consider entering around 2960-3000, with a target of around 2860. However, market conditions are constantly changing, and this article is time-sensitive. Those entering the market should refer to real-time guidance.