From the perspective of intraday trends, the overall situation is in a consolidation phase.

Bitcoin and Ethereum are both oscillating around the four-hour MA5 moving average. The resistance above Bitcoin still focuses on the four-hour midpoint, while Ethereum similarly pays attention to the gains and losses at the four-hour midpoint for positioning.

The arrival of Christmas also means the U.S. stock market will be closed. Here, we need to see the impact on the market after tonight's U.S. stock market opens. Initially, it appears that the MACD bullish momentum is insufficient, and Bitcoin has not been able to rise again for a day.

After falling from above, it began to narrow its oscillation. The daily MACD bears are continuously increasing their volume. If the price still cannot stabilize above the four-hour midpoint this evening, we can position our short orders.

For support below, Bitcoin should primarily focus on the previous low nearby; if it breaks below, we can look for further declines. Ethereum should prioritize the four-hour midpoint; if it breaks below, we can short, and if it holds, we can go long.

All operations should be primarily light positions, with small defenses to control risks!