#BTC对标贵金属的竞争格局 December 23 Bitcoin and Ethereum technical review

Looking at the hourly chart, $BTC is currently oscillating around the key position of the middle band of the Bollinger Bands. The bears still have quite strong momentum - if Bitcoin effectively breaks through the support at the middle band, there may be further downward space.

The MACD here is interesting. The two lines are still hovering above the zero axis, indicating that the bulls haven't completely given up yet, but the momentum bars have clearly shrunk, showing insufficient upward strength. Looking at the KDJ, a high position death cross has appeared in the overbought zone, which is a relatively clear short-term pullback signal.

More importantly, the trading volume is highly correlated - the volume follows the downward movement, and a pattern of synchronized volume and price has already formed. The focus moving forward is still on whether this middle track can be maintained.

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