#数字资产市场动态 December 26th, Friday Morning Market Review
Hello everyone. The market was quiet during the Christmas holiday. Bitcoin briefly surged to 88,500 before starting to pull back, now oscillating at low levels together with Ethereum.
Looking at the 4-hour chart, although there was a large bullish candle breaking through the middle band, it was followed by consecutive bearish candles, with bulls and bears repeatedly tugging. The price is stuck within a triangle convergence pattern. Without any new positive news, it is likely to continue weak sideways movement. After a rapid upward move on the hourly chart, it has become overbought, and the subsequent series of medium-sized bearish candles have given back a significant portion of the gains, bringing the price close to the middle band again. Both KDJ and MACD indicators are weakening, making a downward break more likely.
The short-term outlook is bearish, waiting for a rebound to higher levels before considering short positions.
Bitcoin: Range of 87,400-87,900, watching around 85,100 Ethereum: Range of 2,920-2,940, watching around 2,780
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.
8 Likes
Reward
8
3
Repost
Share
Comment
0/400
TokenUnlocker
· 10h ago
It's going to drop again. The Christmas season really isn't bringing any good news.
888 is stuck. Now it's just a matter of waiting it out.
View OriginalReply0
MEVHunterWang
· 10h ago
Another day with no market movement. Christmas holidays are really torturous.
There's no problem with the bearish mindset; I'm just worried that during a rebound, it might suddenly drop, and then I'll have to chase again.
View OriginalReply0
GasWhisperer
· 10h ago
ngl this triangle compression is giving me major mempool flashbacks... when price gets this cagey, fees always follow. watching 87400 like it's a gwei pattern waiting to collapse down to 85100. the weak signals on kdj/macd? classic pre-dump energy if you ask me. eth's gonna bleed to 2780 once BTC breaks... honestly already optimizing my entry gas for when it does.
#数字资产市场动态 December 26th, Friday Morning Market Review
Hello everyone. The market was quiet during the Christmas holiday. Bitcoin briefly surged to 88,500 before starting to pull back, now oscillating at low levels together with Ethereum.
Looking at the 4-hour chart, although there was a large bullish candle breaking through the middle band, it was followed by consecutive bearish candles, with bulls and bears repeatedly tugging. The price is stuck within a triangle convergence pattern. Without any new positive news, it is likely to continue weak sideways movement. After a rapid upward move on the hourly chart, it has become overbought, and the subsequent series of medium-sized bearish candles have given back a significant portion of the gains, bringing the price close to the middle band again. Both KDJ and MACD indicators are weakening, making a downward break more likely.
The short-term outlook is bearish, waiting for a rebound to higher levels before considering short positions.
Bitcoin: Range of 87,400-87,900, watching around 85,100
Ethereum: Range of 2,920-2,940, watching around 2,780
$BTC $ETH