12.21 (Sunday) BTC/ETH Morning Market Analysis



Core Viewpoint: The narrow-range fluctuation pattern remains unbroken, the weak trend continues, and the rebound is only a technical correction. Short-term strategy is mainly to go short at high levels.

Since overnight until now, Bitcoin and Ethereum have seen narrowed volatility, maintaining a sideways trading range overall, with no effective breakout in either direction.

- BTC: Price is consolidating within the 88,000-88,500 range, rebounding and correcting on the 1-hour chart before falling back again. It failed to break through the minor high resistance, with the upper Bollinger Band at 88,800 being the key resistance level.

- ETH: Trading steadily around the 2970-2985 range, with insufficient rebound momentum and clear signs of upward pressure.

Trading Suggestions (Short-term Short)

- BTC: Enter around 88,500-88,700, with a target of 87,500

- ETH: Enter around 2,990-3,010, with a target of 2,880

Risk Control Tips

Weekend market liquidity is relatively low. Be sure to trade with light positions and strict stop-losses. Do not chase orders blindly; focus on the breakthrough of key resistance levels at BTC 88,800 and ETH 3,010. Adjust your trading strategy promptly after a breakout.
BTC1.23%
ETH1.42%
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
  • 1
  • Repost
  • Share
Comment
0/400
YaoQianshuAvip
· 20h ago
Oh, Heng Ge, I thought I could rest today, but there's still this kind of sharing.
View OriginalReply0
  • 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)