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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.