Just at 16:00, the world's largest options expiration took place, valued at approximately $23.7 billion. Based on previous expiration trends, significant volatility often follows, with the market moving in a single direction, likely ending over a month of wide-range consolidation!
BTC Still within a consolidation range, with moving averages showing a golden cross and bullish engulfing candlesticks. Smaller timeframes show rebound demand, but without volume support, the upward move won't go too high. Currently treating it as sideways, with a pullback not breaking below the small level of 8780, which should trigger a rebound. Keep an eye on this level.
Around the 8950-9000 range, with a target of breaking below 8780 to see further declines to 8680-8520.
ETH Around the 2995-3018 range, with a target of breaking below 2942 to see further declines to 2900-2850.
Short-term trading should be flexible; defensive strategies depend on your actual position!$BTC
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December 26 BTC/ETH Analysis:
Calm before the storm!
Just at 16:00, the world's largest options expiration took place, valued at approximately $23.7 billion. Based on previous expiration trends, significant volatility often follows, with the market moving in a single direction, likely ending over a month of wide-range consolidation!
BTC
Still within a consolidation range, with moving averages showing a golden cross and bullish engulfing candlesticks. Smaller timeframes show rebound demand, but without volume support, the upward move won't go too high. Currently treating it as sideways, with a pullback not breaking below the small level of 8780, which should trigger a rebound. Keep an eye on this level.
Around the 8950-9000 range, with a target of breaking below 8780 to see further declines to 8680-8520.
ETH
Around the 2995-3018 range, with a target of breaking below 2942 to see further declines to 2900-2850.
Short-term trading should be flexible; defensive strategies depend on your actual position!$BTC