Thursday Morning Thoughts on 12.26

At midnight, Bitcoin rebounded after hitting a low around 98100, climbing all the way to a high near 99500. However, the price did not stabilize here and quickly retraced, with the market changing rapidly. Meanwhile, Ethereum rebounded from a high of 3439, reaching a maximum of 3487 before facing pressure.

Thursday Morning Analysis on 12.26

Currently, the daily trend shows a significant downward movement followed by a large bullish candle, but after the rebound, it has not been able to effectively continue its upward trend, facing short-term pressure below the middle band of the Bollinger Bands. After two days of consolidation, the price has still not effectively broken through, which has suppressed the upward momentum of the bulls. If this energy is exhausted, a significant drop may occur. After all, the market will not always rise or fall; currently, the rebound is showing signs of stagnation, so in the short term, we should still focus on bearish trends.

Thursday Morning Suggestions: Short Bitcoin in the 99500-99700 range, targeting 96000-93000.

Thursday Morning Suggestions: Short Ethereum in the 3510-3530 range, targeting 3400-3300.