#BTC 12.8 Midday Bitcoin and Ethereum Market Analysis and Trading Suggestions

From the four-hour chart perspective, although BTC rebounded after dipping to 87,688 and posted consecutive bullish candles, this should be viewed more as a technical correction following continuous declines rather than a trend reversal. While the price has temporarily returned between the middle and lower bands of the Bollinger Bands, it is still operating below the middle band overall. The Bollinger Bands show signs of slowly narrowing or tilting downward, indicating limited upside and gradually increasing downward pressure. The moving average system still shows a bearish arrangement, with the medium- and long-term moving averages forming persistent resistance above. The rebound struggles to break through effectively, and the overall structure remains under bearish control.

On the one-hour chart, there was a quick bullish engulfing candle that briefly pushed the price above 91,200, but it quickly entered a stagnation and consolidation phase, with trading volume failing to expand continuously, indicating insufficient follow-through by the bulls and waning rebound momentum. This rapid rise lacks sustained buying support and leans more towards a technical rebound caused by short covering or profit-taking. The price consolidating in the key resistance zone is not an effective accumulation for a breakout; rather, it shows waning bullish momentum and increasing selling pressure above.

In summary, the current rebound structure is fragile and lacks volume support, with major technical indicators still in a weak area. Overall market sentiment has yet to truly reverse, and there are multiple technical resistance and trapped positions above. After a brief correction, the price is likely to come under pressure again and continue its main bearish consolidation trend. Trading should remain cautious, avoid blindly chasing longs, and focus on new downside signals after weak rebounds.

Midday BTC: consider shorting near 91,600, target 90,000
Midday ETH: consider shorting near 3,150, target 3,050#美联储降息预测 #SUIETF正式上线