#美SEC促进加密资产创新监管框架 [12.8 Morning Session] BTC/ETH Technical Review: Directional Choice After High-Level Consolidation

This wave of market action in the early morning was intense. Bulls and bears fiercely battled at key price levels, making for a heart-pounding watch.

BTC soared directly from a low of 87,688, surging all the way to 91,722—recent highs. Unfortunately, it lacked follow-through and failed to hold that level. It then quickly retraced nearly 3,000 points, bottoming out around 88,890. The price is now hovering near the 90,000 mark, as if waiting for a signal. ETH followed a similar pattern: started at 2,903, rallied to a peak at 3,150, then pulled back to 3,010, and is currently catching its breath around the 3,050 level.

What do the technicals say? Honestly, not very optimistic.

On the daily chart, while the KDJ indicator is still lingering in the strong zone, the KD lines have already formed a death cross at a high level—a dangerous sign. Looking at the three RSI lines, they're moving horizontally in the weak zone, with clearly insufficient upward momentum. After so long without a breakout, the likelihood of further downside is increasing. That's the basic technical logic.

As for trading strategy? Personally, I lean toward following the trend and going short.

None of the indicators are giving a clear bullish signal right now, so chasing longs is too risky. Of course, with year-end approaching, there's a chance some funds may pump prices to improve year-end performance, but that's a short-term move. For most people, following the trend is probably the safest choice.

Reference levels:
For BTC, look for shorting opportunities in the 90,000–90,500 range, targeting around 89,000.
For ETH, consider shorts in the 3,050–3,080 range, targeting the 3,000 level.

$BTC $ETH