The strategy of buying Bitcoin/Ethereum on pullbacks to the 2980-3010 and 88800 levels during the daytime session was flawed; the price surged and then fell sharply, resulting in exits for those positions. Currently, the price has broken below the previous consolidation range of 2960 and 88000, with relatively weak rebounds, indicating a continued bearish trend. The candlestick pattern shows an upward trend in the morning, reaching highs of 3056 and 90300, but subsequently falling back. The daily candlestick shows multiple long upper shadows, indicating strong selling pressure. On the 4-hour chart, the DIF and DEA are gradually rising, and the MACD histogram has turned positive, indicating a weakening trend. As mentioned in the afternoon session, a break below 88000 and 2950 would trigger a downtrend. Evening trading suggestions: Short Bitcoin around 87500-88000, with a target of around 85000-86000; Short Ethereum around 2960-2980, with a target of around 2850-2900.
Liang Qiu: Bitcoin/Ethereum experienced sharp price spikes and dips on December 29th; the market is expected to continue its downward trend.
2025-12-29 12:15:25
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