Evening Analysis and Trading Strategy on December 11

From the current daily structure, after reaching the resistance at the 90000 mark during the day, it has pulled back. Overall, the downward pin has touched the upper band of the Bollinger Bands before rebounding to around 88000, which is under pressure. In the short-term, it also pulled back to the 87000 level and rebounded to face resistance at 88000, so the previous support at 88000 has converted into a resistance level. Additionally, looking at the current four-hour chart, it is unlikely for the overall market to break below the current upward trend line, and the overall structure is still in an upward trend. The single-sided rise has resulted in a bearish candle pullback, and the Bollinger Bands have not yet shown any correction, remaining far from the middle band. Therefore, in the short term, it will continue to accumulate after a high. We can still use 85500 as support for our operations.

Evening Trading Suggestions

You can go long for Bitcoin around 85000, targeting around 88000.

You can go long for Ethereum between 3190-3220, targeting around 3320.