On the afternoon of December 24, recommendations and direction for Bitcoin and Ethereum operations
From the current market perspective, the 1-hour level shows that the price is in a震荡下行趋势 (oscillating downward trend). As mentioned in our previous post, the short-term market is dominated by strong momentum. Currently, the price is operating above the lower track, after a slight test of the previous resistance level around 88300 in the early morning, it fell back and continued to operate within the range of the lower and middle bands of the Bollinger bands. The three bands continue to move downward, forming a complete downward channel. In the short term, the trend dominated by the market will continue,
Bitcoin: The short-term resistance level is in the range of 87500 to 88000. If the price breaks through 88000 and stabilizes above this line, consider placing a long position. If the price rebounds but remains below 88000, consider taking a short position at highs, with a target of 86000.
Ethereum: The short-term resistance level is in the range of 2940 to 2970. If the price breaks through 2970 and stabilizes above this line, consider placing a long position. If the price rebounds but remains below 2970, consider taking a short position at highs, with a target of 2850,
