BTC and ETE market analysis for December 23

The current market is at a complex and critical crossroads, transitioning from "high-level fluctuations" to "direction selection" under the triple pressure of technical repair demands after the bearish news has been fully released, continued tightening of global liquidity, and seasonal capital withdrawal at the end of the year.

BTC has constructed a new oscillation platform in the range of 87500 - 89600 USD after digesting the impact of the Bank of Japan's interest rate hike over the weekend. This morning, after a failed attempt to break the key resistance at 91000, it fell back. The short-term direction choice depends on the results of the price break at the boundary of the range, with the lower boundary at 87500 (yesterday's pullback low) having become the short-term dividing line for strength and weakness, while the upper boundary at 89600, the morning high today and the lower edge of the previous dense trading area, is the core valve for opening up upward space. Next is the 90000 - 91000 area, with initial support on the downside today at 88500. The upper edge of the weekend oscillation range is then the 87000-87500 area, with MA1 serving as the short-term strong and weak dividing line. If this position does not break, it will retain the hope of continuing to rise. Overall, it is currently in a key oscillation range of (87000 - 89600, with long and short forces temporarily balanced and the direction still unclear. The technical aspect shows a pattern of "resistance above and support below." In the short term, it is recommended to operate within the range and wait to follow the trend after a breakout.

After consolidating in the 2960 - 3000 range over the weekend, ETH successfully broke through the upper edge of this range yesterday afternoon, reaching a high of around 3010. It then underwent a healthy pullback to around 2942 to confirm support. Ultimately, this morning saw a significant surge, peaking at around 3060. The technical formation shows a positive structure of "consolidation - breakout - pullback confirmation - continued upward movement." In terms of price action, the short-term resistance is at the 3060 - 3080 area, which is the morning high and the upper part of the previous range. Following that, there is strong resistance at 3100 - 3170 where previous positions were trapped. For support, pay attention to the 2930 - 2960 area, which includes yesterday's low and the upper edge of the weekend consolidation range. Like BTC, the strategy is to primarily operate within this range while remaining observant, waiting for a clear direction before following the trend! $BTC #今日你看涨还是看跌？