#以太坊行情解读 Evening of December 23 Bitcoin Ethereum short-term Technical Analysis

After the one-sided plunge yesterday morning, the market gradually entered a phase of consolidation. Bitcoin and Ether repeatedly tested around 87500 and 2950 respectively. After the short position stop-loss this morning, I immediately reversed and established a long position, entering at 87972 and exiting at 87126, capturing a profit of 846 points, successfully turning around the passive situation from the morning.

From the four-hour chart, the situation does not look good. Bitcoin is currently running below the ema7 and ema30 moving averages, with the short-term moving averages accelerating downwards through the long-term moving averages to form a death cross—this indicates that downward momentum is gradually accumulating. There is a clear resistance zone above, making it very difficult to break upwards. The bearish advantage is quite obvious.

The MACD indicator has formed a death cross in the strong area above the zero axis, which is a strong bearish signal. The increasing selling pressure indicates that the market's dominance has shifted to the bears. The KDJ indicator shows a bearish arrangement, with the J value having entered the oversold zone. Although this extreme oversold condition may trigger a technical rebound, from the hourly perspective, even though the KDJ has formed a golden cross in the weak zone, the bearish momentum remains strong.

Based on all technical signals, the evening operation suggests to short in the trend. It is recommended to short Bitcoin in the range of 87800-88300, with the first target at 86800; if it effectively breaks down, then look at 86000. For Ether, it is suggested to enter short in the range of 2970-3000, with the first target at 2930; after an effective breakdown, it can be pursued to 2840.

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