12.17 Evening Silk Road Market Analysis and Trading Suggestions

After a brief correction and rebound, the market has returned to a downward pressure trend. The bulls' counterattack is very weak. If it cannot hold the key level of 88,000, the current bearish dominance cannot be reversed.

From the four-hour K-line chart, a weak downtrend with three consecutive bearish candles has formed. Although the mid-line support temporarily halts the decline, the bearish momentum is particularly strong. Every small rebound is a good opportunity for bears to add positions.

Looking at the one-hour chart, the selling pressure continues to be released, with K-lines constantly moving downward, repeatedly testing the support zone of the lower band. The downward momentum is still strong. During this decline, the 85,000 level is gradually approaching and should be closely watched.

Trading Suggestions
Bitcoin: Short around 86,800-87,000, targeting near 85,000
Ethereum: Short around 2,940-2,960, targeting near 2,800$BTC