#数字资产市场洞察 December 23 Bitcoin and Ethereum short-term analysis

From the hourly chart, $BTC is touching the key resistance at the middle band of the Bollinger Bands. The bears have been quite aggressive these past two days, and if the middle band support is really broken, the downside space may open up.

The MACD here is quite interesting—the dual lines are still swaying above the zero axis, indicating that the bulls are not completely dead, but the energy bars are shrinking, which clearly shows that the upward momentum is weakening. Looking at the KDJ, a high position dead cross has appeared in the overbought zone, which is a relatively clear short-term correction signal.

The most important thing is the coordination of volume. The current trading volume is synchronized with the decline of $BTC, and this volume-price relationship deserves more attention.

$BTC $ETH