Yesterday's market was still the same routine — light trading, narrowed volatility, and no change in the weak oscillation pattern that has persisted for several days. Do bulls want to counterattack? The momentum is insufficient, and each rebound lacks energy. The key resistance level has not been effectively broken, which is the awkward situation we are in now.
The uniqueness of Christmas Eve cannot be ignored. The early closing of the U.S. stock market means that market liquidity will further dry up, and overall volatility is expected to remain in a low range. The choppy market is likely to continue, so don't expect a sudden directional big market.
From a technical perspective, the line at 86500 is holding quite strong. It has been tested multiple times without breaking, clearly becoming the most solid support at the moment. Looking upwards, 88800 is pressing down, making a short-term breakout difficult. Without a significant breakout, the short-term upward space remains questionable.
The trading strategy remains the same - make moves within this range. Sell high, buy low, and grind repeatedly.
Specific operation: Consider shorting in the range of 88500 to 89000, with a stop loss set above and a target aimed around 87000. Stay patient and manage your risks well.
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GasFeeTherapist
· 12h ago
It's the same old trick again, holding firm at 86,500, pushing down at 88,800. Honestly, it's just a fight of a trapped beast.
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degenonymous
· 12-24 02:18
It's the same old trap again. If it can't break 88800, then stop the nonsense and just be patient.
View OriginalReply0
AirdropHarvester
· 12-24 02:18
It's the same old trap again, the fluctuations are killing me.
View OriginalReply0
OffchainWinner
· 12-24 02:10
It's the same old trick again, so boring. The line at 86500 is being defended quite well, but breaking through it upwards is so difficult, it feels like being trapped.
View OriginalReply0
BasementAlchemist
· 12-24 02:01
It's the same old trick again, oscillating back and forth but not moving, the long positions really have no temper.
View OriginalReply0
ProveMyZK
· 12-24 02:01
It's another frustrating market situation, 86500 is being stubborn and won't rise, it's so annoying.
View OriginalReply0
RealYieldWizard
· 12-24 01:59
It's this kind of market again, it's so boring that I'd rather go to sleep.
View OriginalReply0
ChainDetective
· 12-24 01:56
It's another market like this, really torturous, 86500 is being held firmly and just won't break.
#以太坊行情解读 Wednesday Bitcoin market observation
Yesterday's market was still the same routine — light trading, narrowed volatility, and no change in the weak oscillation pattern that has persisted for several days. Do bulls want to counterattack? The momentum is insufficient, and each rebound lacks energy. The key resistance level has not been effectively broken, which is the awkward situation we are in now.
The uniqueness of Christmas Eve cannot be ignored. The early closing of the U.S. stock market means that market liquidity will further dry up, and overall volatility is expected to remain in a low range. The choppy market is likely to continue, so don't expect a sudden directional big market.
From a technical perspective, the line at 86500 is holding quite strong. It has been tested multiple times without breaking, clearly becoming the most solid support at the moment. Looking upwards, 88800 is pressing down, making a short-term breakout difficult. Without a significant breakout, the short-term upward space remains questionable.
The trading strategy remains the same - make moves within this range. Sell high, buy low, and grind repeatedly.
Specific operation: Consider shorting in the range of 88500 to 89000, with a stop loss set above and a target aimed around 87000. Stay patient and manage your risks well.