#以太坊行情解读 **12.24 Bitcoin technical review**

Last night, BTC rebounded after hitting the bottom at 86600, but the upward momentum was clearly hindered by multiple moving averages on the 1-hour chart — the MA60, MA90, and MA280, along with the upper channel line, formed a significant pressure zone right in front.

**1 Hour Chart Highlights:** The upper Bollinger Band is narrowing, and the rebound space is already limited; the green bars on the MACD are shrinking, and the DIF and DEA are about to form a golden cross, indicating that the bearish momentum is indeed weakening. However, the KDJ has already shown a top divergence, which is an interesting signal—it's very likely that the rebound has reached its peak.

**4-hour chart more straightforward:** The trend is still under pressure, the lower track continues to sink, and the middle track firmly holds down the price. The MACD red bars are shrinking, and the DIF/DEA are still in a death cross opening downward. The mid-term bearish pattern has not changed, and the probability of a downward fluctuation is greater.

**The strategy is to short at highs.** BTC can consider placing short orders around 88100 and 90100, with the initial targets set at around 87090 and 86500.

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