#以太坊行情解读 Market Quick Review on December 22

$BTC stood firm after hitting the 87500 level and surged to around 89600. This move does seem a bit aggressive.

From a technical perspective, the daily chart has recorded three consecutive bullish candles, indicating that bullish momentum is continuously accumulating, and the upward channel is still in effect. Although the trading volume on the four-hour chart has slightly shrunk, the candlesticks continue to close bullishly, and the KDJ indicator has continued to rise after a golden cross from a low position. Shifting to the hourly chart, the bullish volume has broken through the middle track resistance, and all moving averages across the time frames are showing a bullish stance. Overall, it is still the bulls that dominate the market.

Short-term outlook: A pullback to the range of 88400-87700 can be considered. The upper target is at the positions of 89800-92000. Of course, specific operations should still be combined with your own risk tolerance.