Crypto Sea Waves: 12.21 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights

Crypto Sea Waves: 12.21 Bitcoin (BTC) Market Analysis Reference:
Bitcoin continues to fluctuate within a narrow range intraday, with prices oscillating around the 88,000 level, maintaining a consolidation trend overall. From the daily chart perspective, BTC has been in a downward channel since October, with EMA and other moving averages moving downward in sync, forming a standard bearish alignment; recently, prices have been repeatedly suppressed by EMA30, with rebounds facing resistance and falling back. On the indicator side, KDJ has shown initial golden cross signs, but the values are in the neutral zone, indicating weak signal strength; MACD energy bars have shifted from red to green, with the fast and slow lines forming a low-level golden cross pattern, but still below the zero line. Overall, the medium-term trend remains weak.
From the short-term hourly chart, after rebounding from the 84,400 low point, the 4-hour price entered a narrow consolidation zone around the 88,000 level; simultaneously, a converging triangle pattern is forming, with the highs slightly decreasing and the lows gradually rising. Prices are compressed between the middle and upper bands of the Bollinger Bands. Regarding indicators, KDJ is in a neutral to bullish zone but with the J value turning, and MACD green bars are gradually shrinking, indicating weakening short-term rebound momentum. Key levels include resistance at 89,500 (upper Bollinger Band + previous small high), and support at 87,300 (middle Bollinger Band) and 85,100 (lower Bollinger Band). Future attention should be paid to whether prices fall back to the middle band; if the middle band is broken, the consolidation zone may extend to the previous low. However, short-term continuation of oscillation and consolidation is expected. During the day, it is recommended to trade around the middle and upper Bollinger Bands, going long at the lower band and short at the upper band, focusing on short-term swing trading; in the evening, watch for breakout signals of the triangle pattern, and follow the trend after the breakout.
Crypto Sea Waves: 12.21 Bitcoin Short-term Reference:
Long positions: Buy in the 84,500-85,500 range, with a stop at 83,500, targets at 86,500-87,500-88,500.
Short positions: Sell in the 89,500-90,500 range, with a stop at 92,500, targets at 88,500-87,500-86,000.
Crypto Sea Waves: 12.21 Ethereum Short-term Reference:
Long positions: Buy in the 2,780-2,830 range, with a stop at 2,680, targets at 2,900-3,000.
Short positions: Sell in the 3,050-3,100 range, with a stop at 3,200, targets at 2,950-2,850.
Timeliness of article delivery may be delayed; these are personal opinions for reference only. Do not operate blindly! Hope everyone can adhere to their principles regardless of market fluctuations, stay rational and calm. Seize opportunities, make precise decisions, and ride the waves in the ocean of investment to harvest wealth and growth!!!)#ETH