#美联储回购协议计划 December 28th Bitcoin and Ethereum Morning Technical Brief

Bitcoin is currently a classic case of "calm on the outside, movement on the inside"—it seems to have little presence on the surface, but is brewing a direction underneath. On the four-hour chart, previous tests did not result in a valid breakdown; the lows are gradually rising, and the price is stuck in the upper half of the range. The bearish momentum is clearly weakening. From a sharp downward move to a phase of oscillation and correction, this indicates that as long as the key support below holds, the four-hour timeframe remains in a consolidation phase, with no foundation for further deep declines.
Looking at the one-hour level makes it even clearer. The price is bouncing around the moving averages, with buyers stepping in at the lows each time it dips, and the candlestick patterns remain relatively stable. The rhythm suggests a gradual digestion of the selling pressure that was previously unleashed. The bulls and bears are tugging at each other, but the selling force has not gained the upper hand—this short-term buildup feels more like energy is being stored rather than weakening.
**Actual positions**:
- $BTC around 87,400 can be considered for long entries, targeting around 89,000
- $ETH near 2,920 presents trading opportunities, with targets around 3,000
- $BNB keep an eye on this as well
Changes in the Federal Reserve's repurchase market and liquidity injections, along with macro signals, are influencing the rhythm of the crypto market. Recent focus should be on monitoring these developments.