BTC & $ETH Market Update — Dec 16

$BTC / Bitcoin

On the H4 chart, BTC has decisively broken below the trendline, confirming that the primary trend remains bearish.

This isn’t a zone for rushed entries — strong support is not immediately visible. Patience is crucial.

Short Setup Idea:

Watch for a retest around 88K

Stop Loss: 90.2K

Targets: 86.4K → 84.2K

Buy-Side Support:

Key demand zone: 84K – 84.5K

Stop Loss: 83K

Targets: 86K → 88K

$ETH / Ethereum

Nearest support sits around 2830 – 2850, which could offer a potential long opportunity.

Stop Loss: 2770

Targets: 2900 → 3010

Sell Zone:

Resistance area: ~3050

Stop Loss: 3140

Targets: 2980 → 2850

⚠️ General Notes:

Market structure is still fragile and trend-driven, so avoid aggressive sizing.

Follow strict risk management, respect stop losses, and avoid overtrading.

Let price come to your levels — discipline is more important than prediction.