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12.25 Afternoon Market Analysis (Chi Li)
Four-hour chart shows multiple long upper shadows, with obvious selling pressure above. Funds are eager to realize profits at higher levels. The lows are gradually rising, and a phase support is being built. A short-term sharp decline is unlikely. MACD remains negative, with DIF and DEA below the zero line, indicating a bearish dominance. Trading volume is decreasing, with no signs of panic selling. Price is close to EMA7 but is suppressed by EMA30 and EMA120, indicating a generally weak consolidation. The US stock market is closed today, so intraday volatility is expected to be limited. Short-term trading should follow a range-bound strategy of buying low and selling high.
Bitcoin (BTC) trading suggestion: Short at 88200–88700, target 86200–86700.
Ethereum (ETH) follows Bitcoin's trend, overall weak.
ETH trading suggestion: Short at 2970–3000, target 2900–2920.