The long position in Bitcoin at 86800 has only moved a little over 1000 dollars. Monday's price action saw another surge followed by a sharp drop. The daily chart shows the previous candlestick closing with an upper shadow, touching 90,000 but failing to hold before retreating again. Intraday, the price opened below the Bollinger Band's middle band and is consolidating. The Bollinger Bands are narrowing, with short-term moving averages hovering around the middle band. The MACD fast and slow lines are crossing upwards, with the volume bars fluctuating between decreasing and increasing. The KDJ is crossing downwards, and the VR indicator is consolidating around 80. On the four-hour chart, after being resisted at the EMA200, the price plunged back into its previous trading range. The Bollinger Bands are flattening, and short-term moving averages continue to hover around the middle band with signs of turning downwards. The MACD fast and slow lines have crossed downwards again, breaking below the zero line with increasing green volume. The KDJ is trending downwards with signs of turning, and the VR indicator is consolidating around 100. Overall, the market is performing as expected above, remaining in a range-bound consolidation. Although resistance was tested again, a breakout failed. Therefore, intraday short-term trading should continue within the 4-hour Bollinger Band range. Support is around 86000, and resistance is around 89000. See short-term recommendations. Bitcoin short-term recommendation: Long at 86500, Short at 89100. Ethereum's long position at 2908 was again precisely timed. The overall technical analysis should be referenced in conjunction with Bitcoin. The candlestick pattern is also within a range, so the short-term strategy remains unchanged: enter within the range and readjust after a breakout. It's worth noting that the main chart indicators suggest this consolidation may be nearing its end, so manage risk carefully before a breakout. Resistance is around 3030, and support remains around 2880. See short-term recommendations. Ethereum short-term recommendation: Short at 3018, Long at 2915 (Click the image to see the homepage introduction for more cryptocurrency analysis) — I am Zhou Yueying.

BTC is currently fluctuating weakly within the 86k-89k range. Although the daily chart is bearish, there is strong support in the 85,500-86,000 area in the short term. The current price of 87,100 is in an awkward position, and shorting is not recommended.

Strategy: Wait for a pullback to the lower edge of the trading range (around 86k) to show signs of bottoming out before attempting a short-term long position, with a target of returning to the middle of the trading range.

Failure: If the price falls below 85,000, stop loss and exit the market; the downward trend will continue.

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Yesterday, Bitcoin and Ethereum saw a decent overall price movement, initially consolidating before rebounding. Bitcoin's daily chart shows price action at high levels, with yesterday's long upper shadow indicating heavy selling pressure. On the 4-hour chart, consecutive bearish candlesticks suggest a short-term pullback, but the numerous lower shadows indicate some buying support at lower levels. The MACD continues its downward divergence, indicating increasing downward momentum. The 4-hour EMA7 and EMA30 have formed a death cross, indicating significant short-term pressure. Intraday trading is recommended to enter positions on rallies. For Bitcoin, consider entering around 87800-88300, with a target around 86000. For Ethereum, consider entering around 2960-2990, with a target around 2880. However, market conditions are constantly changing, and this article is time-sensitive. Those entering positions should refer to real-time guidance.

Analyst Chen Shu: December 30th - Bitcoin and Ethereum: False Breakout, Real Retreat? Focus on Key Resistance Level Testing. Looking at the daily chart for Bitcoin, yesterday's closing price was a green candlestick with an upper shadow, testing the 30-day moving average (MA30). Although it rallied on volume yesterday, testing the 90,000 resistance level, it quickly retreated to the previous consolidation range. The key short-term resistance level to watch is the dense resistance area around 8.8 on the 1-hour chart. A short position can be considered if the price touches this level, targeting a short-term pullback. Support is seen at the low point of the consolidation around 8.65. Looking at the daily chart for Ethereum, yesterday's closing price also formed a green candlestick with an inverted hammer, failing to break through the MA30 resistance level. The current short-term resistance is seen at the 256-day moving average (MA256) on the 1-hour and 4-hour charts, corresponding to the 2960-3000 price range. Support is seen at the previous consolidation low around 2900. Midday Trading Strategy (Written at 13:30): BTC: Short at 8.8, add to short position on rebound to 8.9, target 8.7/8.6; consider a short-term long position with a small stop loss at 8.65/8.55. ETH: Short at 2960, add to short position on rebound to 3010, target 2900; consider a short-term long position with a small stop loss at 2900/2830. Daily analysis strategies have a very high win rate! Analysis is not easy, so please give a free follow, save, like, and comment. Thank you everyone. Welcome to leave comments below for discussion, I will reply to each one.

Bitcoin/Ethereum traded in a narrow range last night, with Bitcoin gaining nearly 3000 points and Ethereum nearly 150 points. Currently, the market is consolidating within a narrow range, with the daily chart showing a long upper shadow indicating significant selling pressure above, suggesting a continued weak overall trend. Recent price action has seen significant volatility, reaching highs of 3056 and 90300 before quickly retreating, forming long upper shadows and indicating heavy selling pressure above. The current candlestick shows a small positive rebound, but the price remains below previous highs, indicating a short-term stalemate between bulls and bears. Technical indicators show the DIF and DEA moving lower, and the MACD histogram turning negative, suggesting weakening market momentum and a tendency towards consolidation or correction. Trading recommendations: Short Bitcoin around 87800-88300, with a target of 85500-86300; Short Ethereum around 2960-2980, with a target of 2850-2900. Daily analyses and strategies with high win rates are available for viewing. However, these analyses and strategies are for reference only; please bear your own risks. Article review and publication may not be timely; please refer to real-time updates.

Silk Road shorted Bitcoin/Ethereum during last night's decline, with the price testing around 86800 and 2910. A long position was then opened, pushing the price up to 88100 and 2964, followed by another short position. The price has since reached a low of around 86900 and 2911. In three days, Bitcoin has dropped nearly 3000 points and Ethereum nearly 150 points. Congratulations to those who followed Silk Road's strategy for another good profit. Daily analysis and strategies have a high win rate and are readily available. However, analysis and strategies are for reference only; please bear your own risk. Article review and publication are not timely; please refer to real-time information.