December 15th, Analysis of the Evening Market for Bitcoin

On the morning of December 15th, the market experienced significant fluctuations, with Bitcoin and Ethereum facing downward pressure. After hitting a bottom, they rebounded quickly, encountering resistance and retreating when they reached around 89000 and 3150 respectively. The current market is in a heated battle between bulls and bears, presenting a narrow range of fluctuations overall. The low long strategy laid out in the morning has successfully achieved profits.

From a technical perspective, the 4-hour K-line recorded four consecutive bearish candles before a bottoming rebound, with the price touching the middle band of the Bollinger Bands before being pressured down, leaving a long upper shadow. The overall bearish structure has not been broken; during the high-volume consolidation, there were also clear signals of false bullishness. On the hourly chart, the bulls are making a comeback, recovering half of the losses, and the long upper shadow confirms that the pullback has reached its mark. The price is nearing the mid-range of the fluctuations, possessing breakout potential, with the short-term market leaning towards strong oscillations. However, from a larger trend perspective, the overall downward pattern has not changed, and considering market sentiment and trend inertia, it is recommended to establish short positions at high levels during the European trading session.

Trading Suggestions

Bitcoin: Establish short positions near 90000, targeting around 87000

Ethereum: Establish short positions near 3150, targeting around 3000