12.5 $BTC $ETH Early Market Outlook
From the four-hour chart, the price has decisively broken below the short-term upward trend line. Bullish structure? Instant collapse.
The previous long bearish candle with volume now appears to be a warning signal for bears—very clear directional sense. More critically, a death cross has already formed. Multiple technical signals are resonating, and the subsequent trend is very likely to continue weakening, with the downward speed possibly accelerating.
Trading Ideas:
For $BTC, consider placing short positions in the 93000-93700 range, with initial targets at 92000 and 90800. If it breaks below 90800, then it will head straight for 88000.
For $ETH, consider entering short positions in the 3200-3230 range, with lower target levels at 3120 and 3060. If it breaks below 3060, the integer level of 3000 will be in sight.
The technical pattern is already laid out; next, we will see how the market moves.
