#数字资产市场洞察 December 21 $BTC/$ETH Sunday Morning Technical Observation

The recent market movement is quite interesting—both mainstream coins are oscillating within small ranges, with little strength in rebounds. The overall pattern remains predominantly weak. Those rebounds seem more like technical corrections, with volume lacking support. In the short term, it’s more prudent to adopt a strategy of shorting on rallies.

Since overnight, the volatility of Bitcoin and Ethereum has noticeably decreased. Bitcoin is stuck oscillating between 88,000 and 88,500, repeatedly bouncing within this range. On the 1-hour chart, it rises but is quickly pushed back down, failing to break previous highs. The 88,800 level is the upper band of the Bollinger Bands and a key resistance level; it’s unlikely to stabilize above this in the short term. Ethereum’s situation is similar, consolidating between 2970 and 2985. As it moves higher, volume diminishes, limiting the rebound potential.

From a trading perspective, $BTC can consider short positions between 88,500 and 88,700, with the first target around 87,500; $ETH can short between 2990 and 3010, with a target near 2880.

Weekend trading requires extra caution, as liquidity is already limited, making the market more susceptible to sharp fluctuations from unexpected news. Keep positions small, set tight stop-losses, and avoid chasing orders. Focus on the key levels of 88,800 for BTC and 3010 for ETH. If these levels are broken convincingly, be ready to adjust your strategy quickly and avoid fighting the trend.