December 23 BTC & ETH Morning Outlook

Right now the MACD is forming a golden cross above the zero line, but the strength is fading and trading volume on the rebound is weak. The 90600–91000 zone is still acting as strong resistance for BTC it has been tested five times and still hasn’t broken. On the 1 hour chart the bounce failed to break key resistance, and indicators across multiple timeframes aren’t showing strong bullish support. Because of that the rebound looks hard to continue.

$BTC plan

Look to short around 89500–90000 Target around 89000

$ETH plan

Short around 3050–3070 Targets 3010–2950

#Gold hits another new high btc Crypto market shows mild recovery $ETH

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