Analysis of Bitcoin and Ethereum Price Trends on December 24th:
From the current perspective, the price trends of Bitcoin and Ethereum have shown a similar pattern recently. Both have attempted to rebound multiple times on the daily level but have failed to break through successfully, ultimately retreating and closing at lower positions. This has formed a doji followed by a small bearish candle, which aligns with our previous prediction that the market would undergo a correction. Despite numerous rebounds, there is still significant pressure near the high of 96500, which further increases the intraday price volatility. From both the daily and weekly perspectives, the overall market is still in a state of high-level correction.
On the 4-hour time frame, the price ratio continues to show a gradual downward trend, with small rebounds accompanying each decline. Currently, it seems that there may be further corrections in the short term. A drop towards the 90000 level is expected, so we continue to maintain a bearish outlook as the main strategy, with a minor bullish approach as a supplement.
Bitcoin 94500-94000🈳, target 92000, continue to look down towards 90000.
Ethereum 3390-3360🈳, target around 3200.