Observation for the evening of December 17: The high-altitude pattern continues

Last night, Bitcoin was shorted around 87400, Ethereum was shorted around 2942, and both positions successfully took profits — BTC gained 1200 points, ETH gained 34 points.

Currently, the hourly trend shows a weak cycle of rebound then sell-off, followed by a retreat. The bears continue to release selling pressure, with candlesticks repeatedly testing the lower boundary support. A downward structure has already been fully formed, and the downward momentum remains strong. Every time the price approaches around 87000, it encounters strong selling pressure. The key resistance zone is between 87500-88000; if it cannot hold above 88000, the bearish pattern will further strengthen.

Bitcoin strategy direction: Continue to look short in the 87500-88000 range, with the first target at the 86000 support level. If it breaks downward, focus on the 85000 level.

Ethereum strategy direction: Bearish in the 2955-3000 range, with targets around 2920-2850.