December 31 Afternoon Bitcoin and Ethereum Trading Suggestions and Direction Sharing

From the current market situation, the four-hour chart shows that after breaking through the key level of 89,000, the rally failed to continue its strong upward momentum, instead retreating and entering a consolidation phase. This indicates that upward pressure still exists, while support below shows some resilience, making the overall downside space relatively limited. In this context, blindly chasing gains or panicking to cut losses is clearly inappropriate; these signals are highly consistent with the current market correction pattern. From a structural perspective, the bottom area has not shown significant downward expansion space. Currently, Bitcoin is oscillating within the 88,000 range, showing a narrowing range of consolidation, with the trend displaying a compressed range characteristic. Short-term moving averages are mostly flat and close together, suggesting the short-term market may continue to fluctuate sideways. Further focusing on smaller timeframes, continuous oscillation and correction have gradually optimized the technical patterns. In the short term, there is still likely some rebound space, with bulls and bears repeatedly battling, making a one-sided trend unlikely. Based on this, Zhao’s afternoon trading advice is to adopt a strategy of buying on dips and waiting for retracements for subsequent positions.
Bitcoin: around 88,500-88,000, consider buying, watch for 90,000
Ethereum: around 2,980-2,950, consider buying, watch for 3,060#BTC #ETH