On December 15, the interpretation of Bitcoin and Ethereum market trends is as follows:
In terms of Bitcoin, the price has fallen below the lower support of the triangular consolidation range, indicating a weakening short-term trend. The previously anticipated rebound high has not materialized. Currently, attention should be focused on the main support area between $86,000 and $87,000. Until clear signs of stability appear, it is temporarily not recommended to open long positions.
Although Ethereum's overall market movements are limited, the buying willingness in the spot market continues to weaken. The rebound seen this morning largely relied on contract buying, and this type of rebound structure, lacking spot support, often experiences a rapid decline after stagnation. Going forward, it is crucial to observe whether the range between 3020 and 3050 can form effective support.
Recently, two macro events require close attention: the first is the U.S. non-farm payroll data to be released this Tuesday, and the second is the potential interest rate hike direction that may be announced by the Bank of Japan on December 19. Both could significantly impact market sentiment.
In terms of operations, it is recommended to wait for Bitcoin to rebound to around $91,500 to $92,000 before considering opening short positions in batches, while also reasonably controlling positions and setting stop losses.
With the opportunity approaching, how can retail investors seize it? Follow Brother Niu to catch the next wave!!
