12.6 BTC Market Analysis:

On the 4-hour chart, candlesticks display a Three Black Crows pattern, having broken below both the EMA7 and EMA30 lines, with both moving averages trending downward and forming a death cross, setting the stage for further price declines. The MACD indicator showed a bearish crossover above the zero line earlier this morning, with the fast line dropping below the zero axis first. The market has shifted from strong to weak, with selling pressure continuing to be released and sentiment remaining subdued.

On the hourly chart, both KDJ and RSI indicators rebounded slightly after bottoming out at midnight, but neither has entered a strong zone. In addition, trading volume is insufficient, making it difficult for a rebound lacking volume support to sustain. Coupled with prevailing market pessimism, most buyers remain on the sidelines.

In summary, the intraday strategy should focus mainly on short positions, with long positions as a secondary approach.

BTC: Short around 89,500-90,300, target 88,000-87,000

ETH: Short around 3,030-3,080, target near 2,950 #BTC #ETH