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12.21 (Sunday) BTC/ETH Morning Market Analysis
Core Viewpoint: The narrow-range fluctuation pattern remains unbroken, the weak trend continues, and the rebound is only a technical correction. Short-term strategy is mainly to go short at high levels.
Since overnight until now, Bitcoin and Ethereum have seen narrowed volatility, maintaining a sideways trading range overall, with no effective breakout in either direction.
- BTC: Price is consolidating within the 88,000-88,500 range, rebounding and correcting on the 1-hour chart before falling back again. It failed to break through the minor high resistance, with the upper Bollinger Band at 88,800 being the key resistance level.
- ETH: Trading steadily around the 2970-2985 range, with insufficient rebound momentum and clear signs of upward pressure.
Trading Suggestions (Short-term Short)
- BTC: Enter around 88,500-88,700, with a target of 87,500
- ETH: Enter around 2,990-3,010, with a target of 2,880
Risk Control Tips
Weekend market liquidity is relatively low. Be sure to trade with light positions and strict stop-losses. Do not chase orders blindly; focus on the breakthrough of key resistance levels at BTC 88,800 and ETH 3,010. Adjust your trading strategy promptly after a breakout.