12.23 Bitcoin Market Analysis Reference

As mentioned in previous articles, Bitcoin's market yesterday followed the expected upward test, with prices successfully breaking through the 90,000 mark. However, the subsequent bullish supply was insufficient, and the trend did not stabilize for further upward movement. During the day, prices retraced again, and the focus remains on the short-term resistance near the 90,000 level. If there is no breakout, the adjustment will continue. All coin friends are advised not to blindly chase long positions and to be cautious of price pressure leading to further retracement support.

Looking at the short cycle hourly chart, the Bollinger Bands are narrowing for a test. From the daily level, on December 12, the price dropped from 92,630 to 89,895 with a large bearish candle, indicating a short-term top reversal pattern. The current price is repeatedly contending around the 90,000 mark, forming a cross star pattern of indecision between bulls and bears. On the 2-hour level, the price dropped from 90,599 to 90,048, forming a series of bearish candles and a short-term descending channel, and continues to be influenced by the EMA7 (90,152), EMA30 (90,677), and EMA120 (90,830). At the same time, the MACD indicators are all below the zero axis, with a -46.6 green histogram appearing at the 2-hour level, indicating a weak short-term trend. The upper resistance is focused on the area near the 90,000 level, while the lower support is focused on the 87,000 position, followed by the 85,000 level. It is recommended to focus on short positions during rebounds.

12.23 Bitcoin Short-term Trading Strategy Reference:

Lower test entry point 89,500-90,500 short, stop loss 92,500, target 88,500 below,

Upper test entry point 87,300-86,300 long, stop loss 500, target 88,300 above,

12.23 Ethereum Short-term Strategy Reference:

Lower test entry point 3,095-3,045 light short, stop loss 30 points, target below 3,000,

Upper test entry point 2,881-2,831 long, stop loss 30 points, target above 2,930,

The article has a delay in sending, and the strategy suggestions are for reference only. Market conditions change rapidly; regardless of how confident you are in market assessments, always manage your take profit and stop loss carefully for safety. #BTC #ETH #ETH🔥🔥🔥🔥🔥🔥 #ETH（二饼）