#比特币与黄金战争 December 24 Bitcoin and Ethereum Technical Review

Morning market activity mostly continued the trend of unilateral oscillation and decline. From the overall perspective, the strategy remains clear—early morning shorting strategies are still effective. BTC and ETH respectively gained over 809 and 50 points.

From the four-hour chart, the Bollinger Bands' upper, middle, and lower bands are all moving downward in sync, and the trumpet pattern is gradually expanding, providing technical support for the subsequent decline. Bitcoin is currently operating within a downward channel, with consecutive bearish candles, indicating a medium-term clear bearish trend. Short-term momentum is strong, and the bears are fully dominant. The MACD indicator's two lines have already entered the weak zone, accompanied by increasing selling volume, suggesting that the downward momentum remains vigorous with no signs of weakening.

Looking at the hourly structure, the fast and slow lines have formed a death cross in the weak zone, and the three lines of KDJ are also operating in the weak zone, indicating that Bitcoin may continue to test lower levels in the short term. Overall, it is advisable to continue monitoring for short opportunities in the afternoon, and taking short positions at higher levels is more prudent.

BTC is recommended to enter short positions in the 87500–88000 range, with a short-term target of 86500. If the level is effectively broken, further targets can be around 85500. ETH is recommended to short in the 2940–2970 range, with a short-term target of 2900. If the level is effectively broken, pay attention to support around 2830.

$BTC $ETH