Xiaoyao KOL: Bitcoin and Ethereum Afternoon Market Analysis 12.1

Bitcoin's daily chart shows a continuous decline, forming consecutive bearish candlesticks and indicating significant weakness. While a slight rebound occurred after the sharp drop on the 4-hour chart, the overall price remains in a low-level consolidation phase, failing to break through key resistance levels. The MACD histogram continues to show negative values and is widening, with the fast and slow lines forming a bearish crossover, indicating that bearish forces are dominant. The daily chart also shows a deepening negative MACD value, indicating a bearish trend. The current price has broken below the EMA7, EMA30, and EMA120 moving averages, and these moving averages are arranged in a bearish pattern, further suggesting a continued bearish trend. Intraday trading recommendations are to enter positions on rebounds. For Bitcoin, consider entering around 86,500 to 87,000, with a target around 84,500. For Ethereum, consider entering around 2840 to 2880, with a target around 2750. However, market conditions are constantly changing, and this article is time-sensitive. Those entering positions should refer to real-time guidance.