December 24 Afternoon Bitcoin and Ethereum Trading Suggestions and Direction Analysis

From the current market perspective, Bitcoin shows a downward trend at the 1-hour level, with bears dominating in the short-term battle between bulls and bears. The price is running above the lower Bollinger Band, having tested the previous resistance level around 88300 in the early morning and then falling back under pressure, followed by narrow-range consolidation between the lower and middle Bollinger Bands. Currently, the three Bollinger Bands are diverging downward, with a complete downward channel pattern, and the short-term trend dominated by bears is expected to continue.

Bitcoin Trading Suggestions: The short-term upper pressure zone is focused on 87500-88000. If the price breaks above 88000 and stabilizes at that level, long positions can be opened accordingly; if the rebound remains under pressure below 88000, it is suggested to short at highs, targeting around 86000.

Ethereum Trading Suggestions: The short-term pressure zone is focused on 2940-2970. If the price breaks above 2970 and stabilizes, long positions can be followed accordingly; if the rebound fails to break the 2970 resistance level, short positions can be opened at highs, targeting down to 2850. $BTC $ETH