December 24th, Tuesday's Analysis of Bitcoin and Ethereum Trading Strategies:
The current market shows a significant bearish trend, with multiple unfavorable signals on the technical front. Specifically, the 3-day MACD has formed a high-level death cross, while the daily chart has seen three consecutive small bearish candles, all indicating downward pressure on the market.
As Christmas and the Spring Festival approach, market liquidity is tightening, and investor risk-averse sentiment is clearly rising. In this context, special attention should be paid to the support level of Bitcoin at 92000 during the midnight trading session. If this support level is effectively broken, the price may quickly decline to around the 90000 mark.
This support level is crucial for a short-term rebound. Once it is lost, the bearish forces will further strengthen, significantly increasing the likelihood of Bitcoin's price testing the 88000 level. On the daily chart, the price has broken below the middle track and continues to decline, and the long lower shadow has failed to trigger a rebound, further confirming the bearish trend. On the weekly chart, a bearish engulfing pattern has intensified the bearish pressure.
Recommendation:
Bitcoin can be shorted in the range of 95000-95500, targeting 92500-92000.
Ethereum can be shorted in the range of 3350-3380, targeting 3300-3250.
$BTC $ETH #比特币市场波动观察 #加密市场盘整 #市场调整後的机会? #比特币战略储备 #本周微策略是否继续增持BTC?