Ether 3490 in, 3451 out, gained 39 points, harvested 30,000 oil

Evening Thoughts on December 25:

After experiencing a whole day of volatile market conditions, the price of the cryptocurrency surged again in the evening, reaching a peak of 99323 at this critical level. However, it quickly turned around and dipped back down to the 97570 line. Fortunately, the bullish perspective we proposed in the afternoon was accurately validated during this series of price fluctuations. From the trend of Ethereum, a similar surge occurred in the evening, peaking at around 3547, but then it began to retrace and is currently maintaining a state around 3470.

From a technical structure perspective, on the four-hour level line, the price has recaptured upward movement, but the high point failed to release volume for a breakthrough, leading to a retracement. There is strong selling pressure at high levels, which cannot sustain the bullish momentum; the volatility is merely to further entice buying while controlling the speed of the decline. In the short term, there is a pattern of narrowing volatility and downward movement, coupled with a formation of short volume arrangement. However, in the high region, there is a clear lack of sufficient volume to support an effective breakout, which directly leads to the price's retracement trend. This phenomenon clearly indicates that the selling pressure at high levels is extremely strong, with the essential purpose of controlling the speed and rhythm of the decline. From the short-term trend judgment, the price is showing a pattern of narrowing volatility and downward movement, and the short volume has already formed an arrangement. Based on this technical analysis, for the evening's operational strategy, we choose to adopt a short-sell perspective on rebounds.

Bitcoin 98800-99200 short, target 97000-97400
Ethereum 3490-3510 short, target 3430-3450

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