On the morning of December 21, the market analysis indicates a narrow fluctuation pattern for Bitcoin and Ethereum, with the overall market showing a weak trend:
- In terms of price action, Bitcoin is trading sideways between 88,000 and 88,500, while Ethereum remains stable within the 2,970 to 2,985 range; the rebound in the 1-hour timeframe is merely a technical correction and not a reversal signal. Bitcoin's key resistance level is near the upper Bollinger Band at 88,800.
- The suggested trading strategy is short-term short positions: Bitcoin can be positioned between 88,500 and 88,700, targeting 87,500; Ethereum can be positioned between 2,990 and 3,010, with a target of 2,880.
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On the morning of December 21, the market analysis indicates a narrow fluctuation pattern for Bitcoin and Ethereum, with the overall market showing a weak trend:
- In terms of price action, Bitcoin is trading sideways between 88,000 and 88,500, while Ethereum remains stable within the 2,970 to 2,985 range; the rebound in the 1-hour timeframe is merely a technical correction and not a reversal signal. Bitcoin's key resistance level is near the upper Bollinger Band at 88,800.
- The suggested trading strategy is short-term short positions: Bitcoin can be positioned between 88,500 and 88,700, targeting 87,500; Ethereum can be positioned between 2,990 and 3,010, with a target of 2,880.