12.25 Wednesday Bitcoin and Ethereum Early Morning Analysis

In the current market situation, the 4-hour analysis indicates that Bitcoin remains in a downtrend channel, continuously testing new lows. Although bulls have attempted to intervene to break this trend, overall momentum is insufficient, and the rebound after intervention can only be seen as a correction to the ongoing decline, providing the market with a temporary buffer. Currently, the Bollinger Bands are expanding, with the middle and lower bands continuing to decline. The short-term market shows a pattern of two bearish candles sandwiching a bullish candle, indicating that the short-term trend may continue. The 1-hour analysis shows that although Bitcoin experienced a consecutive rebound, it quickly retreated before reaching the resistance level above, further indicating a lack of short-term momentum. As lower lows are continuously refreshed, the downward channel has been fully formed. Until a strong rally appears, it is recommended to continue adopting a strategy of shorting on rebounds for subsequent positioning.

Bitcoin recommendation: 87500-87700 Target: 86000
Ethereum recommendation: 2890-2920 Target: 3050
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