$ETH 12.24 Bitcoin and Ethereum Market Analysis: Bearish Dominance Continues, Focus on Key Resistance Level Breakthrough

Market Overview: Bears are dominant, and the oscillating downward pattern continues. 1-hour level shows that market prices continue to oscillate downward, confirming previous judgments. In the short-term tug-of-war between bulls and bears, bears occupy a dominant position, with prices running above the lower Bollinger Band. In the early morning, there was a brief test of the previous resistance level near 88300 before quickly retreating, subsequently running in a narrow range between the lower and middle Bollinger Bands. The three Bollinger Bands continue to decline, with the downward channel pattern intact, and the short-term trend is still dominated by bears, indicating that the adjustment pattern may continue.

Bitcoin: Focus on 88000 Key Breakthrough

The short-term upper pressure range is between 87500-88000, which is an important dividing line for bulls and bears. If the price effectively breaks through 88000 and stabilizes above it, consider entering long positions to open up upward space; if the rebound is consistently limited below 88000 and shows a repeated oscillating pattern, then seize the opportunity to go short at highs, targeting the 86000 support level. Operations should be combined with volume and breakthrough confirmation to avoid false breakout risks.

Ethereum: 2970 as the Key Node for Bulls and Bears

The short-term pressure range is between 2940-2970. If the price breaks through 2970 and stabilizes, it may initiate a phase of rebound, consider following up with long positions; if the rebound is weak and continues to oscillate below 2970, then it is advisable to adopt a short strategy at highs, with a target focusing on the 2850 support level. It is recommended to judge the situation in conjunction with Bitcoin's trend to enhance decision-making success rate.

Friendly Reminder:

The current market is in an adjustment phase dominated by bears, and it is advisable to remain cautious in operations to avoid chasing highs and killing lows. Focus on the validity of breakthroughs at key price levels, set strict stop losses, control positions, and guard against risks brought about by intensified short-term fluctuations. $BTC #ETH走势分析