12.21 (Sunday) BTC / ETH Morning Market Analysis
Core Viewpoint
Currently still in a narrow fluctuation structure, the overall weak pattern has not been broken. The rebound is more of a technical correction, with insufficient volume; the short-term approach is mainly to short on rebounds.
Market Overview
From overnight to today, Bitcoin and Ethereum's fluctuations have significantly converged, with prices maintaining a sideways range and no effective directional choice yet.
BTC: The price is oscillating within the range of 88000–88500, after a one-hour level rebound correction, it is once again under pressure to fall back, failing to break through the previous step high point. Around 88800 is the upper Bollinger band and a key resistance level, making it difficult to effectively stabilize in the short term.
ETH: Consolidating around the range of 2970–2985, the upward process has been continuously lacking in volume, with weak rebounds and obvious overall pressure characteristics.
Operational Strategy (Short-term)
BTC: Layout short positions in the range of 88500–88700, with a target focus around 87500
ETH: Layout short positions in the range of 2990–3010, with a target focus around 2880
Risk Control Tips
Weekend liquidity is relatively low, making the market prone to amplified fluctuations; be sure to operate with light positions, strictly set stop losses, and avoid blindly chasing orders. Pay close attention to the two key resistance levels of BTC 88800 and ETH 3010; once effectively broken, promptly adjust trading strategies.
