#BTC资金流动性 Morning Observation on December 22:

In the current market landscape, the fundamentals of the bears remain relatively intact. During the recent period of fluctuations and consolidation, the index has indeed been gradually under pressure and declining, with the bearish forces completing their accumulation of energy during the slow release of trading volume. Signs of a rebound have already begun to appear. Instead of getting caught up in repeated concerns about the future market, it is better to maintain a bearish outlook, as this will allow for more precise capture of short-term downward opportunities.

Looking at the trading activity, the overall performance is relatively weak, but this is precisely an interesting signal— the downward trend is gradually releasing positive recovery signals. At the daily level, if the index moves upward in the short term, it will inevitably encounter the resonance pressure zone formed by the middle track, MA300, and MA450. Although KDJ and RSI suggest that there is still room for a bullish rebound, it mainly depends on how the fast and slow lines move— we are just at the initial convergence stage after the death cross, and the golden cross pattern has not yet been truly established. If a second divergence occurs later, a new round of deep decline will be on the way.

Looking at the 4-hour chart of Bitcoin, the price trend is a typical tug-of-war between bulls and bears. The alternating appearance of bullish and bearish candlesticks reflects the market's divergence. By the evening, Bitcoin quickly plunged from its high and is now oscillating within a consolidation range. The three lines of the Bollinger Bands are synchronously diverging downwards, clearly indicating that there will be continued oscillation downward in the short term, with bears clearly in control.

Looking at the details on the 1-hour chart, although the price once broke through the upper Bollinger Band, the long upper shadow tells us how strong the selling pressure is above. The Bollinger Bands are currently widening, and bullish momentum is slowly accumulating, but the upward space has not yet fully opened. The overall market is still fluctuating within a range, and we need to wait for the real trend to emerge.

Trading Reference:
$BTC: Short around 89000-89500, targeting 87000-86500
$ETH: Short around 3020-3040, targeting 2960-2940