12.8 Bitcoin & Ethereum Afternoon Market Analysis (with Trading Suggestions)

The overall market continues to consolidate after the rebound in the afternoon. Bitcoin and Ethereum have shown signs of retreat after reaching resistance levels following consecutive rises, and there is a short-term expectation of entering a high-level fluctuation with a certain need for pullbacks. Below is the latest market analysis and strategy reference:

【BTC Bitcoin Afternoon Market Analysis】

From a four-hour perspective, Bitcoin has encountered resistance at high levels after a series of bullish candles, showing signs of short-term pressure.

Technical Structure Analysis

• MACD: DIF and DEA are slowly converging, with the histogram turning from negative to positive
  → Bullish momentum is strengthening, and the rebound energy is still present.

• However, the indicators are at relatively high levels, increasing the risk of overbought conditions
  → Caution is needed for potential pullbacks caused by divergence.

• RSI: Positioned in a neutral to strong area, not yet entering overbought territory
  → There is still some upward space available.

• Volume contraction during the rise
  → Market enthusiasm for chasing prices has significantly weakened, and insufficient momentum limits the height of the rebound.

Overall view:
Bitcoin has short-term space for further upward movement, but it is difficult to break through strongly under the background of volume contraction; the probability of high-level fluctuations and pullbacks is greater.

【BTC Trading Suggestions】

• Focus on short positions in the 92000–92500 range
  Target: Around 90000

【ETH Ethereum Afternoon Market Analysis】

Ethereum's movement is linked to Bitcoin, also reaching resistance levels after consecutive rebounds.

• MACD bullish momentum is strengthening, but the slope is slowing, indicating insufficient upward force;

• RSI is neutral to strong but has not broken through key resistance areas;

• The current rise is showing volume contraction, indicating a short-term need for a pullback.

Overall judgment:
Ethereum is inclined towards a fluctuation and retreat rhythm after hitting resistance, with shorts being the main focus as it rebounds to resistance levels.

【ETH Trading Suggestions】

• Focus on short positions in the 3150–3180 range
  Target: Around 3060

Risk Warning

Market conditions can change at any time, and this article may have some delays,
Entry should be based on real-time guidance and personal risk control.
Be sure to set take-profit and stop-loss orders to avoid emotional trading.

Wishing you successful trading!

【The above analysis and strategies are for reference only. Risks are to be borne by yourself. The article review and publication may have delays, and strategies may not be timely. Specific operations should follow the real-time strategies of crypto experts】

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