#数字资产市场洞察 Morning Observation on December 22:

Today's situation is quite interesting. The bearish pattern remains solid, and during the previous period of consolidation, the index continued to be under pressure and declined. With the volume gradually being released, the bears have completed their buildup and there are signs of warming. Moving forward, there is actually no need to get too caught up in how things will unfold; just steadily maintain a bearish outlook to seize the opportunity for a wave of downward movement.

From the perspective of trading activity, it is currently a bit quiet, but the downward signals are gradually improving. On the daily chart, the index needs to contend with the pressure formed by the middle track, MA300, and MA450 to move upward in the short term. Although KDJ and RSI suggest that bulls still have room for a rebound, the key is to watch the changes in the fast and slow lines — the indicators have just closed from a death cross, and a golden cross has not yet truly formed. If a second divergence occurs, another wave of deep declines will be imminent.

The 4-hour chart of Bitcoin shows the price being pulled back and forth between bulls and bears, with the alternating candlesticks vividly reflecting the market's divergence. After a quick surge last night, Bitcoin has rapidly dropped down and is now stuck in a consolidation range. Looking at the Bollinger Bands, all three bands are opening downward simultaneously, clearly indicating a continued decline in the short term, with bears fully in control of the situation.

On the 1-hour level, although the price once broke through the upper resistance, that long upper shadow tells us how fierce the selling pressure is above. The Bollinger Bands are showing signs of expansion, bullish momentum is accumulating, but the upward space has not yet been fully utilized, and the market is still oscillating within a range; the real trend will have to wait until the direction is clear.

Operation suggestions:
$BTC: Short around 89000-89500, targeting the vicinity of 87000-86500.
$ETH: Short around 3020-3040, targeting the 2960-2940 area.