12.24 Tuesday Market Highlights:
Currently, the market shows that Bitcoin and Ethereum have recently exhibited similar patterns, with the price ratio rebounding multiple times on the daily chart without breaking through, ultimately falling back and closing lower. After a doji, it turned into a small bearish candle, aligning with our expectations for a correction. Despite several rebounds, the high near 96500 remains under pressure, further intensifying the intraday volatility.
From the daily and weekly charts, the overall pattern still reflects a high-level correction and a low-level rebound. On the 4-hour chart, the price ratio continues to display a downward trend with each step followed by a pullback, with a certain rebound after each dip. Previously, a dip reached around 92000, followed by a rebound to 99500, indicating that the rebound space is related to the downward extent. Currently, a further short-term rebound may still be possible; when confirming the rebound high, we can choose entry points based on the pattern, and we will adopt a low-buy high-sell strategy.
For Bitcoin, buy directly at 92000-92500, targeting 95000-96000. If it breaks down, sell directly and then look at 93000.
For Ethereum, buy directly at 3330-3350, targeting 3500-3600. If it breaks down, sell directly and then look at 3300.