Yesterday, Bitcoin and Ethereum saw a decent overall price movement, initially rising before falling. Bitcoin's current price has retreated from its morning high, forming consecutive bearish candles, indicating weakening bullish momentum. On the 4-hour chart, the Bollinger Bands are narrowing, with the price oscillating around the middle band. The MACD indicator is showing a bearish crossover, with the green bars gradually widening, suggesting increasing short-term downward pressure. Ethereum's short-term moving averages are trending downwards, and the price has repeatedly encountered resistance near the EMA7, indicating a dense cluster of short-term resistance levels. The 4-hour MACD is below the zero line, showing a clear bearish crossover pattern, with the green bars continuing to extend, indicating that bullish forces are dominant and the short-term rebound is limited. Intraday trading is recommended to focus on buying on rallies. Suggested entry points for Bitcoin are around 88000-88600, with a target around 86500; for Ethereum, around 2980-3020, with a target around 2900. However, market conditions are constantly changing, and this article is time-sensitive. Those entering positions should refer to real-time guidance.
Xiaoyao KOL: Bitcoin and Ethereum Afternoon Market Analysis 12.23
2025-12-23 08:02:17
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