On the morning of December 23rd, the crypto market is essentially a contest between the bulls and bears, and it's hard to tell who has the upper hand for the moment, with both sides making concessions in the end. It seems calm on the surface, but there have been undercurrents for a long time, and a change in the afternoon is highly probable.

First, let's see how it performed in the morning: Bitcoin surged from 87872 to 88904, but failed to hold its ground and quickly retraced down to 87738. Now it is fluctuating around 88000, giving a bit of a disordered feeling. Ethereum closely followed, directly rising over a hundred points from a low of 2961 to 3035, but the good times didn't last long as it was knocked back to around 2980. The rhythm of the two coins is completely in sync.

To get to the point, this is key information, and it is recommended to read carefully: Analyzing from the four-hour chart, the three lines of the Bollinger Bands are in a horizontal state, with the price running below the middle line, indicating that the market is in a consolidation phase; the MACD has formed a death cross above the zero line, with the dual lines crossing downward, which is a typical bearish signal, indicating that the momentum for an upward movement has faded, and selling pressure is starting to take over; the KDJ is also in a bearish arrangement and is accelerating downward, further confirming that the bears are gaining control. The three indicators corroborate each other, which basically allows us to judge that the probability of an afternoon trend leaning towards bearish is greater.