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#以太坊行情解读 December 25 Morning Technical Analysis
From the 4-hour timeframe, the market is currently in a clear downtrend. The Bollinger Bands are continuously expanding downward, and after being resisted at the upper band, the price directly broke through the middle band, accelerating towards the lower band to find a bottom. The rebound space is getting smaller. The death cross of the MACD indicator is becoming steeper, with the red energy bars continuously enlarging. The bears remain strong, and the bulls temporarily have no opportunity to counterattack.
The subsequent trend is likely to remain weak and oscillate or continue testing the lows downward.
Regarding Bitcoin: Long positions in the 87,800-88,800 range, targeting 8,600
Regarding Ethereum: Long positions in the 2,970-3,000 range, targeting 2,870
$BTC $ETH