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December 24 midnight BTC Ether operations and analysis
From the four-hour chart observation: the non-leading three-track synchronous downward movement remains intact, and Qie Ge continues to operate steadily within the downward channel, currently showing signs of testing the mid-track resistance level. The MACD indicator has the dual lines in a dead cross at a high position, positioned at the edge below the zero axis, indicating that the energy bars of the market are shrinking, with signs of reversal on the orange surface. Meanwhile, the KDJ indicator's three lines have synchronized and are turning upwards, having been in the oversold range for a long time, with slight weakening in the stacked momentum, suggesting that Qie Ge may face a potential correction. Looking closely at the hourly chart, Qie Ge has broken through the EMA7 moving average, where the RSI indicator shows a weak area with a divergence pattern pointing upwards, further confirming the possibility of a short-term transition of market dominance between the two sides. During the early morning period, it is recommended to buy on dips!
BTC can be traded in the range of 87500—88000, with a short-term target of 88800 - if it breaks through effectively, then look for around 89600.
Ether can be traded in the range of 2930-2960, with a short-term target of 2990 - if there is an effective breakout, then look towards the vicinity of 3050.
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