December 24th Midnight Bitcoin and Ethereum Trading Suggestions and Directions

Market sentiment is like tides rising and falling, alternating between the surging heat of midsummer and the quiet of winter. The foresight and intuition of early movers act like helmsmen, steady in direction, while retail traders are often swept into whirlpools when the tide turns. In the afternoon, Bitcoin remained within a narrow fluctuation range, with little movement, making it an ideal opportunity for our afternoon strategy to avoid action. As the evening approached, Bitcoin dipped slightly, with Bitcoin around 87,100 and Ethereum near 2,940, setting up a perfect long entry point. Bitcoin again gained over 600 points of space, while Ethereum gained over 48 points, with long-term waiting finally reaching the expected outcome.

From the current market situation, the 4-hour chart shows that Bitcoin is still within a downward space, constantly testing lower lows. Many traders attempted to break this trend with some intervention, but overall momentum remains weak. The rebounds before a strong downward trend can only be seen as corrections, providing a buffer for continued decline. Currently, the market is not showing signs of expanding patterns; the midline continues to decline along with the lower band. In the short term, the chart shows a bearish engulfing pattern, indicating that the short-term trading trend will likely continue. On the 1-hour chart, Bitcoin experienced a rebound with consecutive bullish candles but failed to reach the upper resistance level before a strong pullback, further indicating insufficient short-term momentum. Although lower lows are being continuously refreshed, the entire downward channel is fully open. Therefore, until a strong upward stretch occurs, it is recommended to focus on rebounds for subsequent entries.

Bitcoin around 87,000 to 87,500 can be longed, with attention to 86,000.
Ethereum around 2,900 to 2,930 can be longed, with attention to 2,830.