#美联储回购协议计划 Morning market review on December 24

From the four-hour K-line, the Bitcoin price has been consistently pressed against the lower Bollinger Band, and after several rebounds, it can only touch the middle band without enough strength. The candlestick bodies are very small, clearly indicating a decline in upward momentum, a typical stagnation trend—there is not much strength left for the bulls to continue pushing higher.

The situation on the MACD side is more pessimistic. The death cross has been completed, with a top divergence occurring simultaneously, and the two lines are diverging downwards. The bears are completely dominating the situation. From the current technical pattern, the bearish trend is still strengthening, and the risk of downward adjustment is gradually accumulating.

[Trading Reference]

**Bitcoin aspect:**
Consider placing short orders in the range of 87800–88500. The first phase target is to see if the support level of 87000 can hold. If 87000 is effectively broken, there will be an opportunity to look further down to deeper positions.

**Ethereum aspect:**
You can try to short near 2970. The initial target is aimed at the 2900 area. If 2900 is also broken, continue to hold the position for further lower price levels.

Market signals point towards a direction of risk release, making cautious position management more important.