Evening of December 23, BTC/Ether operation and analysis

The persimmon market in the afternoon is undergoing a phase of fluctuating recovery after experiencing a one-sided decline in the morning. BTC and Ether are hovering around 87500 and 2950 respectively. After stopping the loss in the morning, I promptly reversed my position, entering at 87972 and exiting at 87126, securing a solid gain of 846 points and successfully turning around the passive situation!
From the four-hour level chart: Currently, Qie Ge is running below the ema7 and ema30 moving averages, and the ema7 moving average has crossed below the ema30 moving average during its downward trend, forming a death cross pattern. This lays the foundation for Qie Ge's accelerated downward movement, making it difficult for Qie Ge to break through under the upward moving pressure zone, with obvious control by the short side. The MACD indicator shows that the dual lines have formed a water death cross in the strong area above the zero axis, which is a strong bearish signal. The continuous increase in sell orders also indicates that the current market is dominated by the short side. The KDJ indicator is operating in a short side arrangement, with J having entered the oversold zone ahead of time. While Qie Ge is accelerating downward, we also need to consider that extreme overselling can easily lead to a technical pullback. Looking closely at the hourly level chart, the KDJ indicator has formed a golden cross pattern in the weak area, but unfortunately, in this level chart, the short side momentum still shows strong performance. Under the strong bearish signals from all indicators, it is recommended to follow the trend in the evening operations and continue to insist on doing short silk road.
BTC can be traded in the range of 87800—88300, with a short-term target of 86800 - if it breaks through effectively, then look around 86000.
Ether can be traded in the range of 2970-3000, with a short-term target of 2930 - if there is an effective breakthrough, then look towards around 2840.
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