12.23 Tuesday midday market analysis. From the perspective of the previous market data, the 4-hour level shows that after a series of bearish pullbacks, the bulls have intervened to correct the dominant situation in the market. The Bollinger Bands show signs of convergence and flattening, while the MA and technical indicators strongly lean towards weakness, and the short positions trend remains unchanged. At the 1-hour level, after 5 consecutive bearish candles probing low, there was a brief rebound correction trend. The market data exhibits the pattern of two bullish candles engulfing one bearish candle, showing the bulls' rebound momentum is weak, with the upper wick of the candlestick accompanying it. There is still considerable pressure above in the short term, and the Bollinger Bands are expanding, indicating an anticipated increase in short-term volatility. The trend is moving out of the previous phase, with the MACD and the fast and slow lines above the zero axis and turning downward. The DIF crosses below the DEA forming a death cross, suggesting that the short-term trend will continue.
BTC trading advice: Short around 89000 to 89500, take profit at 88600-87000, stop loss at 90500 Short positions are recommended around 3020 to 3050 for ETH, with take profit at 2960-2880.
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12.23 Tuesday midday market analysis. From the perspective of the previous market data, the 4-hour level shows that after a series of bearish pullbacks, the bulls have intervened to correct the dominant situation in the market. The Bollinger Bands show signs of convergence and flattening, while the MA and technical indicators strongly lean towards weakness, and the short positions trend remains unchanged. At the 1-hour level, after 5 consecutive bearish candles probing low, there was a brief rebound correction trend. The market data exhibits the pattern of two bullish candles engulfing one bearish candle, showing the bulls' rebound momentum is weak, with the upper wick of the candlestick accompanying it. There is still considerable pressure above in the short term, and the Bollinger Bands are expanding, indicating an anticipated increase in short-term volatility. The trend is moving out of the previous phase, with the MACD and the fast and slow lines above the zero axis and turning downward. The DIF crosses below the DEA forming a death cross, suggesting that the short-term trend will continue.
BTC trading advice: Short around 89000 to 89500, take profit at 88600-87000, stop loss at 90500
Short positions are recommended around 3020 to 3050 for ETH, with take profit at 2960-2880.