#ETH走势分析 BTC/ETH Early Morning Review and Trading Ideas for December 8

The overnight market was quite intense. Both bulls and bears were engaged in a fierce tug-of-war at key levels, with neither side giving in. BTC started to rally from the low of 87,688 and surged all the way to 91,722—almost hitting a new recent high. Unfortunately, it couldn’t hold and quickly dropped nearly 3,000 points, bottoming out around 88,890. Right now, the price is hovering near the 90,000 mark, waiting for the next directional move.

ETH basically followed the broader market. It started at 2,903, climbed all the way to a high of 3,150, then pulled back sharply to 3,010 at the top. Currently, it has rebounded to around 3,050, entering a short-term consolidation phase.

Let’s talk about the technicals. On the daily chart, the overall sentiment is weak. Although the KDJ indicator is still in the strong zone, the K and D lines have formed a death cross at the top—which is usually a bearish signal. Looking at the RSI, all three lines are moving sideways in the weak zone, indicating a clear lack of bullish momentum. The longer it fails to break out, the higher the probability of a subsequent drop.

As for trading strategy, I personally lean towards short positions on price rallies. Unless all technical indicators turn clearly bullish, chasing longs is just too risky. Also, with the year-end approaching, some institutions may push for a round of fund operations to make their reports look better, so a short-term rally isn’t impossible. But for regular traders, following the trend is always the most stable approach.

Specific level references:
For BTC, consider short positions in the 90,000-90,500 range, targeting around 89,000
For ETH, consider short positions in the 3,050-3,080 range, targeting around 3,000

Of course, this is just my personal view. Actual trading should be based on real-time market conditions. The market changes rapidly—risk management should always come first.

$BTC $ETH