December 17 Morning Silk Road

Reviewing the early morning market, Bitcoin dipped to 87015 and stabilized, then rebounded to the 87880 high. Ethereum also retraced to 2910 to halt the decline; subsequently, it rebounded to the 2962 high.
Currently, the market momentum is relatively weak, and the correction is quite evident. On the daily chart, the candlesticks are operating in the lower band of the Bollinger Bands, with the band gradually opening up. The lower band is under pressure and extending downward, indicating a growing bearish trend. On the four-hour chart, the three Bollinger Bands are extending downward simultaneously, showing very clear bearish sentiment. After a rebound near the middle band of the Bollinger Bands in the evening, the price faced resistance and fell back. Short-term rebound momentum is clearly insufficient, suggesting that the downward trend will continue. The bearish pattern of Ethereum is more obvious, with insufficient rebound momentum. The 3000 level has shown no signs of breakthrough, and market bearish sentiment remains very stable. Future positions should consider shorting on rebounds.
Trading Suggestions
Bitcoin: Short around 88500, target around 86500
Ethereum: Short around 2970-2990, target around 2850