Yueying: Bitcoin and Ethereum Market Analysis for December 22nd - Early Morning Surge Fails to Reach False Resistance, Continued Bearish Outlook

Looking at the daily chart for Bitcoin, after a period of high-level consolidation over the weekend, the price opened higher but then fell back, entering another period of adjustment. The Bollinger Bands are flat, and short-term moving averages show signs of turning upwards. The MACD fast and slow lines have crossed upwards again, and the volume bars are showing signs of increasing. The KDJ indicator is also trending upwards, while the VR indicator is consolidating around the 85 value. On the 4-hour chart, the price continues to oscillate at high levels and is trading below the lower Bollinger Band. The Bollinger Bands are narrowing, and short-term moving averages are turning upwards. The MACD fast and slow lines have broken through the zero line and are widening upwards again, with the volume bars showing slight increases. The KDJ indicator is trending upwards, but pay attention to the resistance around the 100 value. The VR indicator is consolidating around the 150 value. Overall, after the high-level consolidation over the weekend, the indicators are currently biased towards the bulls. However, the 4-hour Bollinger Bands have not yet widened, so short positions are still worth considering. Exit the position if the price breaks and stabilizes above the 90,000 level. Support is expected around the 7-day moving average on the daily chart, with a target price above 87,000. This is a short-term trading suggestion. Bitcoin Short-Term Trading Recommendations: Short at 89230, Long at 87500 (Take profits as needed after strategy activation). Ethereum is currently testing resistance around the daily moving average. Its overall technical picture is consistent with Bitcoin and can be used for reference. The 4-hour Bollinger Bands are also narrowing, so the short-term strategy is the same. Support is around 2930, corresponding to the 7-day moving average on the daily chart. Therefore, watch for short-term support above 2900. Ethereum Short-Term Trading Recommendations: Short at 3035, Long at 2930 (Click the image to see the homepage introduction for more cryptocurrency analysis). — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!