December 22 BTC/ETH Analysis:



Last week's news of the Federal Reserve's interest rate cut and Japan's interest rate hike has basically been digested. The market is overall in a wide-ranging oscillation pattern, without a decisive breakthrough. With just over ten days left until the end of the year, the market will likely continue this way. This week, Christmas falls on Wednesday, and the market will close early, reopening on Friday for just one day. Attention should be paid to whether Trump announces the candidate for the next Federal Reserve chairman!

BTC
Currently, the moving averages show a small-level rebound trend, but the trading volume has shrunk, forming a divergence between volume and price. The daily chart shows a three-line doji, indicating weakened buying pressure. The market trend is primarily looking for a correction. The resistance for the daytime rebound is at 8960; if the volume can break through and stabilize, one can consider going long on the right side, with upper resistance to watch at 9270-9450. If it cannot break through, continue to look for a correction, focusing on 8750. If this level breaks down, the correction's intensity will be significant.

Around the range of 8930-8980, the target is to look down to 8610-8440 if 8750 breaks.

ETH
Around the 3037-3060 range, the target is to break down to 2974-2935 and look towards 2865.

Short-term trading is flexible and changes, and defense is determined based on the actual situation of one's own position! $BTC #ETH走势分析
BTC-2,55%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)