Suggestions and Direction for Bitcoin and Ethereum Operations on the Afternoon of December 22
From the current market situation, the 1-hour level shows that the current price is oscillating between the midline and the mid-range. The upper line at 89500 can be considered a short-term resistance, while the lower line at 88400 serves as short-term support. Currently, it is overall above the midline of the Bollinger Bands, presenting a slightly strong oscillation pattern. The Bollinger Bands are not showing a clear opening; the price is running between the middle band and the upper band, and there are no significant breakout signs. Although the short-term trend is neutral to bullish, momentum has not been fully released. This morning, the recent candlestick pattern shows characteristics of a spike followed by a pullback + a low-level rebound, indicating that there is still strong selling pressure above. KDJ: K value 53.0, D value 52.2, J value 54.5, with the three lines converging above 50, and there are no clear breakout signals yet. The probability of short-term fluctuations is relatively high. Short-term attention should be paid to the effective breakthrough and stabilization above 89500, which would open up upward space. Conversely, if it breaks below the support at 88400, it may trigger a deeper correction. Still looking at the correction of Bit, continue to maintain the high expectations from noon, #BTC #ETH
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Suggestions and Direction for Bitcoin and Ethereum Operations on the Afternoon of December 22
From the current market situation, the 1-hour level shows that the current price is oscillating between the midline and the mid-range. The upper line at 89500 can be considered a short-term resistance, while the lower line at 88400 serves as short-term support. Currently, it is overall above the midline of the Bollinger Bands, presenting a slightly strong oscillation pattern.
The Bollinger Bands are not showing a clear opening; the price is running between the middle band and the upper band, and there are no significant breakout signs. Although the short-term trend is neutral to bullish, momentum has not been fully released. This morning, the recent candlestick pattern shows characteristics of a spike followed by a pullback + a low-level rebound, indicating that there is still strong selling pressure above. KDJ: K value 53.0, D value 52.2, J value 54.5, with the three lines converging above 50, and there are no clear breakout signals yet. The probability of short-term fluctuations is relatively high.
Short-term attention should be paid to the effective breakthrough and stabilization above 89500, which would open up upward space. Conversely, if it breaks below the support at 88400, it may trigger a deeper correction. Still looking at the correction of Bit, continue to maintain the high expectations from noon, #BTC #ETH