$BTC 12.23 Tuesday morning Bitcoin Ethereum latest market analysis and trading suggestions:
The red envelopes for the New Year, the confidence at the wine table, and the calmness in visiting relatives and friends all depend on every layout made now! In a volatile market, do not lie flat, keep a close eye on the range, and act decisively! The year-end battle must be profitable! Looking back at the midnight period, Bitcoin surged to a high of 90588 before falling under pressure, dipping to a low of 87911 during the early hours; Ethereum's trend is highly correlated with Bitcoin, touching a high of 3077 in the evening before falling back in sync, currently dropping to a low of 2963, showing an overall trend of a surge followed by a retreat.
From the current market perspective, this is also the bearish signal I mentioned in yesterday's live broadcast, which has fully emerged. On the four-hour level, the price has directly broken through the upper Bollinger Band support, the MACD red bars continue to shrink, and the KDJ indicator has formed a dead cross at a high level, with bullish momentum completely exhausted. Switching to the one-hour level, the price has fully given back the intraday gains, and the moving average system is beginning to turn downwards, with short-term support levels continuously lost, indicating that the bearish downtrend has formed an effective continuation. The surge and subsequent fall during midnight is essentially a technical defeat after the bulls failed to break through the key resistance level. Currently, technical indicators across multiple timeframes are pointing to bearish, and the morning trading suggestion is to aim for high short positions.
Tuesday morning strategy:
Bitcoin: Short around 89500, target at 87000
Ethereum: Short around 3030, target at 2900
