The evening market performance is overall weak, and even with the opening of the US stock market, there has been no significant fluctuation. Starting from the morning low of around 87200, it has currently recovered about 500 points to near 87700, and the overall trend is still in a slow oscillating upward correction phase.
From a technical structure perspective, the weekly chart maintains a continuous downward trend without change, while the daily chart shows a slight bottoming structure after intraday correction. Key support has formed a platform at the 87000 level, with a quick recovery following a short-term pullback, both in terms of extent and strength being quite significant. This rhythm indicates obvious characteristics of the correction phase, and there is no need to over-interpret a single pullback. With Christmas approaching, the expected fluctuation space is limited.
**Operation Strategy**: For Bitcoin, consider long positions around 87200-87000, targeting near 89000; for Ethereum, focus on long opportunities around 2930-2900, with a target towards 3050. In the short term, prioritize bullish outlooks above support levels, and timely profit adjustments can be made after a short-term pullback is recovered.
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StakeTillRetire
· 12-23 15:59
87000 support has reversed again, this correction rhythm is indeed stable, and I expect this level of fluctuation before Christmas.
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CoffeeOnChain
· 12-23 15:55
The platform 87000 is indeed interesting, it has held up after repeated testing... However, there hasn't been much major movement in the market before Christmas, everyone is just dragging their feet.
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RooftopVIP
· 12-23 15:51
It's another market like this, the slow fluctuations are really tormenting. The 87000 level feels quite stable.
The evening market performance is overall weak, and even with the opening of the US stock market, there has been no significant fluctuation. Starting from the morning low of around 87200, it has currently recovered about 500 points to near 87700, and the overall trend is still in a slow oscillating upward correction phase.
From a technical structure perspective, the weekly chart maintains a continuous downward trend without change, while the daily chart shows a slight bottoming structure after intraday correction. Key support has formed a platform at the 87000 level, with a quick recovery following a short-term pullback, both in terms of extent and strength being quite significant. This rhythm indicates obvious characteristics of the correction phase, and there is no need to over-interpret a single pullback. With Christmas approaching, the expected fluctuation space is limited.
**Operation Strategy**: For Bitcoin, consider long positions around 87200-87000, targeting near 89000; for Ethereum, focus on long opportunities around 2930-2900, with a target towards 3050. In the short term, prioritize bullish outlooks above support levels, and timely profit adjustments can be made after a short-term pullback is recovered.