December 23 Evening Market Analysis of Bitcoin and Ethereum

Bitcoin has reached a high point near 96,000 in the afternoon and has since retreated. Currently, the coin price is rapidly declining to around 93,000 and consolidating. The medium to long-term trend is still moving downward, aiming for 80,000! From the daily chart perspective, the current KDJ, MACD, and BOLL indicators are still resonating downward, with the main chart MA and MA10 suppressing downward. The current coin price is connecting to T4 for a bearish volume expansion, so for today and the following directions, we boldly continue to look bearish for a breakout. For the evening market strategy, we continue to look bearish, with the low support level referenced in the 92,200-90,500 area (this area is a key position for the short term). If the first support breaks effectively, the subsequent major coin will terrifyingly drop towards the 80,000 mark or even lower! The main risk for everyone is not to blindly continue to pick up and go long.

Evening trading suggestion: Short decisively in the range of 93,600-94,000 during the rebound, targeting 92,000-90,500. If it breaks, continue to reduce positions downwards. Risk control at 94,500, primarily focusing on flipping positions to break even. If you find the market hard to understand and can't grasp the direction, feel free to contact me: ETH9908 to help you out! #btc