#以太坊行情解读 Market Review and Trading Ideas on December 24th, Early Morning

Last night until the early morning, the price of Bitcoin and Ethereum remained stable, with no particular highlights. Bitcoin fluctuated repeatedly within the range of 87200-88200, and is currently around 87600. Ethereum followed the rhythm, mainly oscillating between 2900-2980, and is currently near 2960.

From the four-hour K-line perspective, the three lines of the Bollinger Bands are synchronously declining, and the pattern is quite complete. Bitcoin continues to steadily stay within the downward channel, making several attempts in the early morning to touch the middle track resistance level, but none have broken through—this indicates that the pressure from above is indeed significant. The probability of moving downwards is very high. In terms of indicators, the two lines of the MACD are still running below the zero axis after a death cross at a high position, and the bearish energy bars are continuously increasing, confirming that the current situation is dominated by bears.

Looking at the hourly level, it becomes even more interesting. The Bitcoin has already fallen below the EMA7 moving average, and the RSI value has formed a death cross above 50—this is a signal for accelerated downside. In summary, the trading strategy for the morning is mainly to short on rallies.

**Bitcoin**: You can short in the range of 87500-88000, with a short-term target of 86500. If it breaks effectively, then aim for 85500.
**Ether**: You can short in the range of 2940-2970, looking at 2900 in the short term, and if it breaks effectively, then look at 2830.

$BTC $ETH