12.24 Bitcoin Market Analysis Reference

Bitcoin's price has been under pressure near the 90,000 position, and the market is currently testing support with a pullback. The current price is operating around 87,500, and short-term resistance still focuses on the 90,000 mark. In the short cycle hourly chart, the current trend is in a corrective consolidation, with the 4-hour level continuously closing in the red. The price has successively broken below EMA7 and EMA30, and short-term bullish sentiment has weakened again.

On the daily level, a typical 'crow' bearish formation has emerged. The key support level of 87,200 is being tested repeatedly, and the price has broken below all key moving averages, including EMA7, EMA30, and EMA120, maintaining a weak trend in the short term. The momentum indicators are also weakening: the 4-hour MACD's DIF and DEA have formed a death cross below the zero axis, and the gap continues to widen; the daily MACD histogram has also shifted from positive to negative. Overall, the short-term trend remains weak. It is recommended to focus on short positions during rebounds, with resistance at the 90,000 line above and support at 85,500 below.

12.24 Bitcoin short-term operation ideas reference:

Short position entry 89,500-90,500, stop loss 92,500, target 88,500 below,

Long position entry 85,300-86,300, stop loss 500, target 87,300 above,

12.24 Ethereum short-term strategy reference:

Short position entry 2,995-3,045, stop loss 30 points, target 2,950 below,

Long position entry 2,881-2,831, stop loss 30 points, target 2,930 above,

The article may have delays in sending; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always have your take profit and stop loss in place for safety. #BTC #ETH🔥🔥🔥🔥🔥🔥 #ETH（二饼）