Tonight is Christmas Eve. Although we don't celebrate this holiday, the foreigners will celebrate the New Year. The trend is in line with my expectations, showing no major fluctuations, generally presenting a slow decline 📉. At the peak of 90500, the market is still in hand. Yesterday's suggestion to enter at 8830 was also achievable, just continue to look down!
BTC
The current price has fallen below the annual moving average. The market has been pressured by the mid-line of 90500 and has retreated. The rebound strength at a smaller level is very weak. This trend is likely to test the strong support at 8500. The daytime rebound pressure is at 8780, and the four-hour stability above must rebound to have strength. In a fluctuating market, there are opportunities for both long and short positions, but it is important to be clear about the priorities, long positions and short positions.
Around the range of 8750-8880, the target is to break below 8660 and look towards 8520-8440.
ETH
Yesterday, we provided the range of 2970-2990, and the overnight pullback was all captured, with the lowest adjustment down to 2920. The daytime rebound pressure is at 2965, and if the four-hour chart cannot stabilize above, the market will still move down. Pay attention to the position around 2800 for short positions.
Around the range of 2953-2978, the target is to break below 2900 and look towards 2865-2800.
