12.16 Bitcoin Market Analysis Reference

The Bitcoin price is expected to dip again, with bearish sentiment gradually strengthening, and the intraday trend is under pressure and experiencing a pullback. The short-term downward space has been reopened, with the price continuing to pull back in the evening, and bearish sentiment gradually strengthening. The downward trend continues, approaching the 85000 level, but has not broken down. Subsequently, be cautious of price breaking down and dipping below the 85000 level,

From a daily perspective, it shows three consecutive bearish candles accelerating downward. Yesterday's large bearish candle has pierced the 88000 support level, testing a low of 85073 before closing at 85576, indicating that although the bears dominate the market, there is significant buying interest below. The 4-hour level has seen consecutive bearish candles, and the latest K-line has dipped to the integer mark of 85000 before rebounding and forming a long lower shadow structure. The previous high of 87189 has become a key resistance level.

From a technical indicator perspective, the 4-hour MACD's DIF and DEA have been continuously diverging below the zero axis, with the histogram expanding to -755, indicating that bearish momentum is increasing; after the daily MACD death cross, the fast and slow lines have also expanded simultaneously. In terms of the moving average system, the price has fallen below all EMA moving averages (7/30/120), with the 4-hour EMA7 (87477) and EMA30 (89423) forming a standard bearish arrangement, and the current price is still nearly 2000 points away from the EMA7. It is recommended to focus on short positions during rebounds, with resistance to watch around the 89200 level, and for breakdown focus around the 85000 level,

12.16 Bitcoin short-term trading strategy reference:

Short entry point 89300-90300, stop-loss 92500, target: below 88500,

Long entry point 82300-83300, stop-loss 500, target: above 85500,

12.16 Ethereum short-term strategy reference:

Short entry point 3095-3145, stop-loss 30 points, target below 3000,

Long entry point 2881-2831, stop-loss 30 points, target above 2980,

The article is sent with a delay, and strategy suggestions are for reference only. The market changes rapidly, regardless of how confident one is in market judgment, always ensure to take profit and set stop-losses, securing gains, #BTC #ETH #ETH（二饼）