December 23 BTC/ETH Analysis:

The dual collision of the Christmas holiday and options expiration!

Currently, the overall trend is still weak. Yesterday, the Federal Reserve's repurchase agreement increased liquidity but to a limited extent. Bitcoin's highest rebound was 90500 before it retraced, which is also our pre-set position. In the last 24 hours, there was a liquidation of 160 million, and overnight, Bitcoin's open interest decreased by 3 billion, while Ethereum decreased by 2 billion. Liquidity is once again in a critical condition, and the market maintains a wait-and-see attitude towards the volatility of Friday's year-end options expiration!

BTC

Currently, the small-level moving averages are entangled, trading volume is shrinking, and the gradual reduction in liquidity indicates insufficient market momentum. It is temporarily unable to break out into a one-sided trend, and the overall structure is just a range-bound oscillation. The price is under pressure at the mid-line of the daily chart, and there is a high probability of a second downward probe, mainly aiming for the rebound high.

Around the 8860-8900 range, the target is to break below 8750 and look for 8660-8510.

ETH

Around the 2995-3018 range, the target is to break below 2970-2928 and look for 2900.

Short-term trading is flexible and changes, and the defense should depend on one's actual position! $BTC #美联储回购协议计划 $ETH