#以太坊行情解读 12.20 Bitcoin and Ethereum midday strategy observation

Let's take a look at the technicals of these two — they are indeed a bit weak. Bitcoin's RSI has rebounded but can't break above the 50 line, clearly showing the bulls lack strength. Ethereum is even worse; it failed to hold the 3000 level, and on the hourly chart, there appears to be a "false breakout followed by a engulfing" pattern. The Bollinger Bands are still expanding downward, with resistance at 2985 and the four-hour middle band holding firm, creating a double pressure.

From a technical perspective, the short-term rebound has little momentum, and the downward trend remains dominant.

For Bitcoin: short in the 88500-89000 range, with a slightly higher stop-loss, targeting around 87500-87000.

For Ethereum: short in the 2990-3010 range, with targets at 2910-2890.

$BTC $ETH