Yueying: Bitcoin and Ethereum Market Analysis (December 23) - Gold and Silver Both Hit Record Highs; Will the Crypto Market Face a Christmas "Disaster"?

On the daily chart, Bitcoin's price action saw a previous high followed by a decline and an upper shadow. Intraday, it opened lower, testing the 7-day moving average. The Bollinger Bands are flat, with short-term moving averages slightly turning upwards. The MACD fast and slow lines crossed upwards but are showing signs of flattening, with the volume bars decreasing. The KDJ indicator is facing resistance and turning downwards, while the VR indicator is consolidating around 80. On the 4-hour chart, after breaking the upper Bollinger Band, the price closed with a doji candlestick and then plunged back, currently testing the lower Bollinger Band. The Bollinger Bands remain flat, with short-term moving averages continuing to move around the middle band. The MACD fast and slow lines have crossed downwards, with the volume bars turning green and increasing. The KDJ indicator is extending downwards; watch for support near the 0 level. The VR indicator is consolidating around 120. Overall, the price action is in line with the above expectations. It was specifically emphasized that the 4-hour Bollinger Bands showed no signs of widening, limiting the rebound strength. The price only briefly broke through 90,000 before starting to decline. Intraday, a consolidation phase is expected. The first support level to watch is the 7-day moving average, followed by the lower Bollinger Band. The short-term resistance level to watch is around 90,000. This is a short-term trading recommendation. Bitcoin Short-Term Suggestions: Buy at 87200 (or 85500), Buy at 89500 (Take profits as needed after strategy activation). Ethereum encountered resistance around 3077 and retraced, finding resistance near the middle Bollinger Band on the daily chart. It's currently testing support around the 7-day moving average; a break below this level would likely lead to a test of the 2800 area. Looking at the 4-hour chart, although the retracement broke below the 60-day moving average, it found support near the lower Bollinger Band, which could be a short-term reference point for a rebound. Overall, the technical indicators are correlated with Bitcoin; see the short-term suggestions below. Ethereum Short-Term Suggestions: Buy at 2935 (or 2850), Sell at 3020 (Click the image to see the homepage introduction for more coin 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!