12.15 Bitcoin Ethereum Morning Market Analysis #美联储降息
The current Bitcoin four-hour structure is still in a clear weak oscillation, with the price consistently running below the moving average. The rebound height is limited, and there is significant pressure above. After the previous decline, there has not been an effective trend reversal, but only a horizontal consolidation pattern has emerged, indicating that the bearish momentum has released and entered a repair stage. However, the bulls have not truly taken over the rhythm, and overall it remains a weak oscillation repair without any strong rally signals. Looking at the one-hour chart, the pace of the decline has slowed down, and the lows are temporarily supported, showing signs of a technical rebound in the short term, but the rebound strength is weak, more of an emotional repair after an oversold condition, with the price repeatedly bouncing back and forth within the range, and insufficient volume indicates that current market participation willingness is not strong. It is more reasonable to treat this as oscillation in the short term, and we do not expect a unilateral rise until a key resistance is broken.
Bitcoin: 89000-89500 range, target around 86500;
Ethereum: 3070-3100 range, target around 2950.
