December 24th, Tuesday, Bitcoin and Ethereum Trading Strategy Analysis:

The current market shows a significant bearish trend, with multiple adverse signals on the technical front. Specifically, the 3-day MACD has formed a high-position death cross, while the daily chart has shown three consecutive small bearish candles, all indicating downward pressure on the market.

As Christmas and the Spring Festival approach, market liquidity is tightening, and investors' risk-averse sentiment is noticeably rising. Against this backdrop, special attention should be paid to the support level of Bitcoin at 92000 during the midnight trading session. If this support level is effectively broken, the price may quickly decline to around the 90000 mark.

This support level is crucial for a short-term rebound. Once breached, bearish forces will further strengthen, significantly increasing the likelihood of Bitcoin's price testing the 88000 level. On the daily chart, the price has fallen below the midline and continues to decline, and the long lower shadow has failed to trigger a rebound, further confirming the bearish trend. On the weekly chart, a bearish engulfing pattern of one candle swallowing three bullish candles has exacerbated the bearish pressure.

Recommendation:

Bitcoin can be shorted in the range of 95000-95500, targeting 92500-92000.

Ethereum can be shorted in the range of 3350-3380, targeting 3300-3250.

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