Christmas Day US stock markets are closed, and trading volume in the crypto market has significantly decreased. Today, let's take a look at the technical performance of Bitcoin and Ethereum.



**Bitcoin Daily Chart Observation**

On the daily chart, Bitcoin's previous candlesticks faced resistance near the 7-day moving average, opening with sideways movement around the middle Bollinger Band. The short-term moving averages remain close to the midline, MACD fast and slow lines are trending upward but showing signs of flattening, KDJ lines are also leveling off, and the VR indicator is consolidating around 75. Looking at the 4-hour chart, after a short-term decline, the price found support at the lower band and rebounded. Currently, it is testing the middle band resistance, with the Bollinger Bands showing slight opening signs. The short-term moving averages have turned upward, MACD is above the zero line, volume bars are shrinking, KDJ is crossing upward, and attention is needed around the 100 level.

Although a bottoming pin was formed yesterday, its strength was limited, with support around 86,000. Overall, the market remains in a range-bound consolidation phase, with decreased liquidity leading to less active trading. Focus on the resistance at the daily middle band, and watch for support at previous lows. Short-term reference levels: consider a bullish approach around 86,800, and a bearish approach around 88,800.

**Ethereum Technical Outlook**

Ethereum rebounded from around 2886 but is currently facing resistance below 2970, with less than $100 of trading range. The technical pattern follows Bitcoin's rhythm, generally waiting for a clear direction. Short-term trading should focus on the 2980-2880 range; if it breaks downward, look for support around 2800. Reference levels: consider a bearish approach near 2970, and a bullish approach around 2900.

**Summary**

In the context of weak liquidity, both main cryptocurrencies are oscillating within a range, lacking clear directional opportunities in the short term. It is recommended to closely monitor the key levels mentioned above and adjust strategies flexibly based on actual market movements.
BTC1.01%
ETH0.69%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
SolidityNewbievip
· 3h ago
Christmas holiday, huh? As for the trading volume... I'll just quietly watch BTC bounce around near 86k.
View OriginalReply0
ChainProspectorvip
· 3h ago
Christmas market closure volume has dropped again. This kind of market is the most annoying, stuck at the middle band, refusing to move. Unable to break below 86,000, and unable to rise above 88,800. It's really a fight of a trapped beast.
View OriginalReply0
PumpDetectorvip
· 3h ago
ngl this sideways action is putting me to sleep... where's the whale movement when you need it 🥴
Reply0
RetiredMinervip
· 3h ago
Christmas stock market holiday, altcoins are also taking a nap. This wave of market movement really isn't very exciting...
View OriginalReply0
TokenTherapistvip
· 3h ago
The worst part about the Christmas holiday market is the poor trading volume. What's the point of discussing technical analysis? It's better to just wait for the New Year.
View OriginalReply0
HashBanditvip
· 3h ago
ngl this low volume holiday chop is exactly when i'd be mining back in the day... now it's just depressing to watch. anyway those support levels at 86k and 2.8k actually make sense from a network utilization standpoint, but tbh who even trades these ranges anymore
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)