12.22 Morning BTC / ETH Trading Strategy
The overall market remained in a narrow range over the weekend, with limited rebound strength. The 'short on rebound' strategy maintained yesterday has been validated, with Bitcoin under pressure at 88800 and Ethereum at 2980, effectively capturing the short-term rhythm.
From a structural perspective, the 4-hour level is still in a consolidation range, with bears slightly dominant, and the Bollinger Bands overall are weak; the 1-hour rebound momentum is insufficient, with each rally accompanied by a pullback correction, making it difficult to have a trend breakthrough in the short term, more of an oscillation within the range.
Trading Strategy
Mainly short on rebounds at highs, be cautious of chasing prices
BTC 88500—89000 range short, pay attention to 87000 support
ETH 2990—3020 range short, pay attention to 2900 support
