#比特币对比代币化黄金 December 8 Morning Market Review

This wave of market movement in the early morning was definitely exciting. Bulls and bears are locked in a tug-of-war at key levels, neither side giving way. BTC surged up sharply from the 87688 low, reaching as high as around 91722—almost breaking a new high. Unfortunately, it couldn't hold and pulled back nearly 3000 points, stabilizing only at 88890. Now it's hovering around 90,000, waiting for the next breakout.

ETH is basically following the overall market, starting at 2903 and peaking at 3150. After that, it plunged to 3010 and is currently catching its breath around 3050.

Looking at the daily chart, the overall atmosphere is still bearish. Although the KDJ is still in the strong zone, the K and D lines have already formed a death cross at a high level—which is not a good signal. The three RSI lines are lying flat in the weak zone, with obviously insufficient upward momentum. The longer the price fails to break out upward, the higher the probability of moving downward.

Trading strategy for the morning? Personally, I lean towards shorting at highs. Before all indicators turn bullish, blindly chasing longs is too risky. It's the end of the year, and various funds may act to beautify the data, possibly injecting money to pump the market—but such rallies are often short-lived. For safety, it's better to follow the trend.

Reference levels:
$BTC Shorts can be considered in the 90000-90500 range, with a target around 89000
$ETH Shorts can be arranged in the 3050-3080 range, with a target near 3000

Of course, set stop-losses and control your position size. The market changes quickly; plans often can't keep up with changes—it’s just how things are.