December 16th, Tuesday Market Review Summary

The market is like a pendulum; it will not stay in one direction forever. Fluctuation is not the market's fault, but an opportunity for you to test your system and hone your patience. To maintain a steady rhythm in chaos is to be able to run at full speed when the trend arrives.

Overall, the market's volatility during the day has somewhat narrowed, less intense than before, but the long and short directions still have clear space, with the key being whether you follow the operational thinking. Bitcoin slowly climbed from around $85000 in the early morning, peaking near $88000 during the announcement of the non-farm payrolls in the evening, with Ethereum's trend basically in sync. After a low opening, U.S. stocks rebounded in the evening, then fell again, causing the crypto market to fluctuate back and forth, but there was no one-sided market as I had previously anticipated.

In terms of operational advice, Jingwen has always maintained a high short operation, and in real trading, the entry was also synchronized, with Bitcoin gaining over 3000 points and Ethereum gaining over 100 points.

From a daily perspective, the KDJ dead cross continues to show weakness, and the MACD has also shown a turning signal down near the middle axis, while the price has fallen below the middle track of the Bollinger Bands, with the lower track gradually opening, indicating that the current downward space is expected to further open.

On the 12-hour level, KDJ, MACD, and Bollinger Bands present a bearish resonance pattern, showing an overall downtrend. On the main chart, the price continues to be suppressed by MA5 and MA10, with the short-term trend being weak, and it is recommended to maintain a high short mindset for operations. Specific entry points can be tracked in conjunction with weak rebounds during the session.

BTC: 87500-88000 short, target 85500

ETH: around 2960-2980 short, target 2860