12.22 Early Market Analysis of Bitcoin and Ethereum
The weekend market was generally volatile, with prices rebounding multiple times but lacking sustainability, typical of a 'struggling to rise' trend. Yesterday's persistent short logic has already proven effective, with Bitcoin facing pressure around 88800 and Ethereum around 2980, yielding good short-term results.
Structurally, the 4-hour chart remains confined within a volatile range, with bears slightly gaining the upper hand; the Bollinger Bands are flat and slightly weak. The hourly level shows insufficient follow-through in rebound volume, with quick pullbacks accompanying each upward move, currently lacking the conditions for a trending move, leaning more towards repeated consumption within the range.
The upcoming strategy remains unchanged.
The core still focuses on the rebound providing entry points for short positions, avoiding emotional chasing of upward movements.
$BTC Bitcoin focuses on the pressure situation around 88500—89000, prioritizing shorts, and paying attention to the support around 87000.
$ETH Ethereum considers short positions if it rebounds to the 2990—3020 range, with key observations around the 2900 level.
In a volatile market, the challenge is not predicting the direction, but rather managing position and discipline. Only when there is a rebound does it present an opportunity to act.
