#以太坊行情解读 Market data overview on December 22

The current bearish pattern in the market data is relatively stable. During the recent repeated fluctuations, the index continued to face pressure. Now that the bearish energy has gradually built up, there are signs of a rebound. Instead of getting caught up in short-term volatility, it is better to focus on bearish opportunities; grasping the rhythm of the downward trend will be smoother.

From the perspective of transaction heat, the market is a bit quiet, but this just indicates that the downward momentum is building up. Looking at the daily chart, a short-term rebound will encounter pressure at the middle track and the MA300, MA450 levels, which cannot be avoided. Although the KDJ and RSI suggest there is still some room for upward movement, the key lies in the performance of the fast and slow lines - they have just emerged from a dead cross, and the golden cross has not yet officially formed. If there happens to be a second divergence, a new round of downward trend could immediately start.

The 4-hour chart of $BTC shows a typical tug-of-war between bulls and bears. The candlesticks alternate between red and green, reflecting a very divided market opinion. After a sharp rise last night, it quickly plummeted again, and now it's just going in circles during a consolidation phase. The three lines of the Bollinger Bands are opening downwards together, and this signal is very clear—short-term adjustments still need to continue downwards, and the bears are still quite strong in control.

Looking at the 1-hour chart again, although it briefly broke through the upper Bollinger Band, that long upper shadow has already clearly shown the selling pressure above. Now the Bollinger Bands are widening, and the bulls seem to be gaining momentum, but the path above is not fully opened yet. The market is still lingering in the range, and the real trend direction still needs to wait a bit longer.

$BTC short-term strategy: short around 89000-89500, targeting the range of 87000-86500.
$ETH short-term strategy: Short position around 3020-3040, targeting towards 2960-2940.