12.25 Bitcoin/Ethereum Bull and Bear Continues to Lead with the Latest Market Analysis

Since Bitcoin/Ethereum broke above 3060 and 90000 respectively, the previous day saw short positions initiated above 88000 and 2960, while last night saw long positions around 2900 and 86600. The market first moved down then up, capturing over 3000 points and more than 100 points for Ethereum, with Ethereum currently up over 350 points this week. Currently, due to the impact of US macroeconomic data and reduced liquidity during the Christmas holiday, Bitcoin and Ethereum continue to exhibit a weak oscillating pattern. Technical indicators on the daily chart show prices still confined within the middle and lower bands of the Bollinger Bands, with alternating bullish and bearish candlesticks.

The 4-hour chart indicates that selling pressure is easing but has not completely dissipated; after testing the middle Bollinger Band, the price faced resistance and pulled back. On the hourly chart, the MACD indicator's bullish momentum histogram is shrinking, suggesting a short-term pullback is possible. Resistance levels are sequentially at the 4-hour and daily middle Bollinger Band around 89500-90000, as well as the short-term key resistance at 3000-3030. Support levels are at 86000-86500, as well as around 2880-2900, with the lower Bollinger Band at 85000 and the 2850 region.

Trading Suggestions: Buy near 86600-87200 for Bitcoin, targeting around 89000; buy near 2900-2920 for Ethereum, targeting around 2980-3030.