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Morning BTC/ETH Silk Road sharing on Wednesday, December 24th
From the four-hour chart analysis, the three lines of the Bollinger Bands continue to move downward, and the price is maintained within the downward channel. The multiple attempts to break through the middle line during the early morning have all failed, indicating strong resistance above, and it is expected that the market may continue to decline further. In addition, after forming a death cross at a high level, the MACD indicator has remained below the zero line, with bearish momentum gradually increasing, showing an overall bearish trend.
Observing the hourly chart, the price has currently fallen below the EMA7 moving average, and at the same time, the RSI has formed a death cross above 50, indicating that the downward momentum may accelerate in the short term.
BTC is traded in the range of 87700-88200, targeting around 85400.
The target for the concave in the range of 2990-3010 is around 2850.
$BTC $ETH $SOL #2025Gate年度账单 #加密市场小幅回暖 #Gate社区圣诞氛围感 #