12.24

1-hour level display, the price comparison is in a downward trend of fluctuation. As we mentioned in the previous post, in the short-term battle between bulls and bears, the bears hold a strong position. The current price comparison is running above the lower track, after a shallow test near the previous resistance level of 88300 in the early morning, it fell back. Subsequently, it will run within the range of the lower and middle tracks of the Bollinger Bands, and the three tracks of the Bollinger Bands continue to decline, forming a complete downward channel. The short-term trend dominated by bears will continue.

Bitcoin: The short-term range of 87500 to 88000 is the upper resistance level. If the price comparison breaks through 88000 and stabilizes above it, consider placing long positions in line with the trend. If the price comparison rebounds and continues to hover below 88000, consider shorting at highs, with a target of 86000.

Ethereum: The short-term range of 2940 to 2970 is the upper resistance level. If the price comparison breaks through 2970 and stabilizes above it, consider placing long positions in line with the trend. If the price comparison rebounds and continues to hover below 2970, consider shorting at highs, with a target near 2850.