#ETH走势分析 December 9, Tuesday night—Short-term Analysis of Bitcoin and Ethereum

Looking at the hourly chart, after the price spiked, it appears somewhat weak. The pullback isn’t strong, bearish volume is shrinking, and moving averages are starting to curve upward slightly. It seems there could be a short-term rebound, but it’s unlikely to sustain a sharp rally. I still prefer to short at higher levels going forward.

The 4-hour chart is even clearer. After the price surged, it dropped from the middle band and entered a downtrend channel after the bands narrowed and then widened. Bulls lack strength, the bears are taking control, and the moving averages are clearly turning down. There’s likely more downside ahead; the overall pattern remains in a broad range of consolidation. Short-term performance is weak and momentum is limited, so I’ll continue to focus on range trading, mainly shorting at highs.

For Bitcoin, I personally plan to short around the 90,500–91,000 level, targeting a move down to the 89,000–87,000 range.

As for Ethereum, the 3,120–3,140 area is also a shorting opportunity, with targets at 3,040–3,020.

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