Market Overview on December 23, #美联储回购协议计划

The weak pattern of Ethereum is unlikely to change in the short term, and the bearish outlook remains unchanged.

Let’s review the market from yesterday. There was basically no movement during the day, and significant fluctuations only occurred in the early morning. Ethereum made several attempts to break through upwards yesterday but failed each time, dropping from a high of 3077 all the way down to 2961, with a decline of over 100 points. This trend reveals a signal—market sentiment is weak and bears are in control.

Looking at the four-hour chart, Bitcoin has been oscillating around the middle band of the Bollinger Bands, with several attempts to break higher being suppressed. There has been a rebound, but it is particularly weak, and the trading volume is also shrinking, showing no upward momentum support.

On the hourly chart, the Bollinger Bands have completed the transition from expansion to contraction, and the MACD has also formed a death cross, followed by a significant increase in volume—bearish strength is being released continuously. The high short strategy does not need to be changed in the short term.

On the Ethereum side, it is more suitable to place short positions around 3057 and 3020, with target levels to focus on the two positions of 2960 and 2900 below.

$BTC $ETH $BNB