Yue Ying: 12.24 Bitcoin and Ethereum Market Analysis - Will Christmas Eve Accelerate the Bottoming Out? Latest Short-term Sharing Included

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Bitcoin Technical Analysis ————

Bitcoin's rebound strength is limited; the previous long positions only gained about $1000. On the daily chart, the previous candle closed as a bearish candle, slightly breaking below the 7-day moving average. The opening did not stabilize above the 7MA, which continued to test downward. The Bollinger Bands are flat, with short-term moving averages running around the middle band. The MACD fast and slow lines are turning flat, volume bars are shrinking, and the KDJ is facing resistance and turning downward. The VR indicator is consolidating near the 80 level. On the 4-hour chart, after encountering resistance at the middle band, the price oscillated downward, suppressed by the 7 and 60 moving averages. The Bollinger Bands are opening, with short-term moving averages trending downward. The MACD fast and slow lines crossed downward, breaking below the zero line, with shrinking volume bars. The KDJ is again heading downward, with support near the 0 level. The VR indicator is consolidating near 80. Overall, the price broke below the daily support at the 7MA, temporarily returning to a weak oscillation structure. In the short term, the main strategy is to rebound and short. Continue to watch the resistance at the middle Bollinger Band on the 4-hour chart, and support at the lower daily band, which is also the previous low level. If broken, attention should be paid to the support above the 83000 level. Currently, there is a probability that the slow decline will accelerate into a bottoming process. Short-term support and resistance levels are recommended for reference and intervention.

Bitcoin Short-term Strategy: Long @E5@ 85300 (Long @E5@ 83500), Short @E5@ 88100 (Activate strategy if profitable, manage yourself)

Yitai Technical Analysis ————

Yitai's rebound is also limited in space, with only about $50 of upward movement. The overall technical outlook remains linked to Bitcoin. Currently, the price is supported around 2900 and has not broken below. As previously analyzed, today’s short-term long positions wait for the next support around 2800. The resistance above is at the 4-hour middle band, around 3000. Short-term advice.

Yitai Short-term Strategy: Short @E5@ 2970 (Short @E5@ 3015), Long @E5@ 2828 (Activate strategy if profitable, manage yourself)

— I am Zhou Yue Ying, a teacher focused on technical analysis. If you have any questions about operations or trends, feel free to communicate and learn with me! Let’s share and profit together! #BTC #ETH