Market analysis and strategy for the morning of December 23

Last night, the market initially rose and then fell, with prices surging to the 90500 level before facing resistance and retreating. It then dipped to around 87800, where it found support and rebounded. The current price is oscillating in the 88500 range, and the intraday and overnight assessments have been accurately realized.

From the 1-hour timeframe perspective, Bitcoin is showing a consolidation pattern after a pullback, with prices operating in the area below the middle band of the Bollinger Bands. The KDJ three lines are operating in a low range; although there is a technical demand for a rebound due to overselling, a golden cross pattern has not yet formed, and the rebound momentum is relatively limited. The RSI indicator is operating below the neutral line of 50 throughout the period and has not yet entered the overbought zone, indicating that the bearish momentum has not fully released.

On the 4-hour time frame, the BOLL indicator shows that the price has fallen back to near the middle band from the upper band, and there is a trend towards testing support at the lower band. In the KDJ indicator, the J line has turned down first, forming a death cross with the K and D lines, further confirming the short-term adjustment signal. Meanwhile, during the price surge, the trading volume did not increase synchronously, showing a significant volume-price divergence, indicating that the bullish momentum is weakening and bearish forces are expected to gradually dominate.

Morning Core Strategy

1. Pancake: It is recommended to set up short positions in the range of 89000-89500, with a target of 88000-87000.
2. Two Cookies: It is recommended to set up short positions in the 3040-3070 range, aiming for a target in the 2970-2930 range.

$U2U $SWELL $ORDER $SUNDOG $BTC $ETH