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December 25th Bitcoin and Ethereum Public Strategy
The hourly chart is in an upward channel. The current price is oscillating around the support level of 86,000. RSI is above 50, indicating a neutral to bullish momentum. The MACD is in an increasing zone but the growth rate is slowing down, showing that bullish momentum is waning.
Ethereum is linked with BTC and remains volatile. The 1-hour Bollinger Bands are narrowing, supported by the EMA moving averages. The MACD histogram shows convergence, while the KDJ indicator is turning upward but with decreasing volume, indicating a lack of clear breakout momentum in the short term.
Bitcoin: Place orders around the 88,500-89,500 range, targeting 87,000-86,500.
Ethereum: Place orders around the 2,970-3,000 range, targeting 2,900-2,870.