December 17 Afternoon Bitcoin and Ethereum Trading Suggestions and Direction Sharing

From the current market situation, the 4-hour chart shows that after the early morning rally to around 87,900 and encountering resistance, it began to oscillate downward. The market is currently experiencing continuous declines with consecutive bearish candles, without breaking key support levels. The Bollinger Bands are opening downward, and the three moving averages are trending lower. The short-term trend is weak. The MACD is below the zero line; when the DIF crosses above the DEA, a golden cross forms, and the increasing positive candles indicate a short-term rebound signal.

From the 1-hour chart perspective, Bitcoin is in a oscillating downward trend, with the Bollinger Bands showing signs of flattening. In the short term, it may enter a narrow range of consolidation. Technical indicators are signaling oversold conditions, suggesting a short-term rebound demand.

Technical Indicators MACD: In the short term, bearish momentum is dominant, but the histogram is narrowing, indicating weakening selling pressure. Overall, there is effective support around 86,000, and Bitcoin shows a rebound trend. Therefore, afternoon trading strategies should mainly focus on long positions above this support.

For Bitcoin around 86,500 to 86,000, consider going long, watch for 87,500.
For Ethereum around 2,930 to 2,900, consider going long, watch for 3,000.