After a few days of decline on the daily chart, it is now consolidating at a low level without any signs of a rebound. The hourly chart is still showing a slow downward trend, but it's much more stable compared to the previous sharp decline. The MACD's short-term downward momentum has weakened, but it hasn't turned into upward momentum yet; from a long-term perspective, the downward momentum still dominates. The average price lines for all short-term and medium-term moving averages are pressing down above, and the trend is clearly downward.
The market shows signs of a short-term breather, but overall it is still under the control of bears, and the direction hasn't changed.
12.16 Bitcoin Trading Strategy:
87300-86500 short, stop loss above 88200, target near 84800, continue to look for a breakdown towards 83400
84950-85700 light long, reserve space for additional purchases near 83700, stop loss with 1200 points, target 87100-88100
12.16 Ethereum Trading Strategy:
3005-2965 short, stop loss above 3065, target 2805-2765
2765-2805 long, stop loss below 2715, target 2885-2935
BTCUSDT
Perp
87,693.2
+2.28%
ETHUSDT
Perp
2,943.12
+0.50%
SOLUSDT
Perp
128.25
+2.63%