The four-hour Bollinger Bands are continuously trending downward, and the recent attempts to break above 88,500 have failed to hold. The resistance level above remains quite solid. Short-term support is seen at the 85,000 level, and it is likely to test this support again to assess its strength.
For evening trading strategies, the main approach is to focus on short positions, with long positions as an alternative on rebounds. Currently, the price is below the range, so wait and see if there is a rebound opportunity.
Regarding BTC, the range of 87,200 to 87,500 is a key focus area, with the current price around 85,500.
ETH's target range is 2,980 to 3,010, with the current price at 2,800.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
8 Likes
Reward
8
4
Repost
Share
Comment
0/400
GhostInTheChain
· 12-17 12:21
88,500 has been pushed down again. The selling pressure is really strong, and the bears are still quite fierce.
View OriginalReply0
rug_connoisseur
· 12-17 12:18
88,500 can't be broken again, this resistance level is really damn solid
If 85,000 is broken again, I'll just give up and lie flat, testing repeatedly is so annoying
Shorting is still the safest, just waiting for the rebound opportunity
BTC above 87,000 is definitely worth watching, but there's not much point right now
ETH is already at 2800, still aiming for 3010? That's a bit risky, brother
View OriginalReply0
governance_ghost
· 12-17 12:11
Bollinger Bands are holding tight, 88500 is back, this pressure level is really like a nail
---
Waiting for a rebound opportunity, anyway 88500 can't be broken through, better to retreat than to keep fighting
---
ETH still needs to climb over 200 points to reach the target zone, this space is a bit risky
---
Why does it keep testing the 85000 line repeatedly? Feels like it will break sooner or later
---
Shorting is correct, but this market is so dull, even rebounds are boring
---
87200-87500 is indeed worth watching, but I think it will test lower again
---
The SEC's new framework has been introduced, but the coins are still oscillating sluggishly here, hilarious
View OriginalReply0
Layer2Arbitrageur
· 12-17 12:09
lmao the 88.5k rejection pattern is textbook resistance breakdown... if you actually ran the calldata compression on those 4h candles, the MEV extraction window closed like 3 hours ago. just sayin, leaving basis points on the table while watching bollinger bands crunch is not it fr
#美国证券交易委员会推进数字资产监管框架创新 December 17, Wednesday BTC and ETH Evening Trend Analysis
The four-hour Bollinger Bands are continuously trending downward, and the recent attempts to break above 88,500 have failed to hold. The resistance level above remains quite solid. Short-term support is seen at the 85,000 level, and it is likely to test this support again to assess its strength.
For evening trading strategies, the main approach is to focus on short positions, with long positions as an alternative on rebounds. Currently, the price is below the range, so wait and see if there is a rebound opportunity.
Regarding BTC, the range of 87,200 to 87,500 is a key focus area, with the current price around 85,500.
ETH's target range is 2,980 to 3,010, with the current price at 2,800.
$BTC $ETH $BNB