12.19 Bitcoin market analysis reference

The Bitcoin article yesterday mentioned that the intraday trend maintains a weak consolidation, and we should be cautious of the price breaking below the key support level of 85000, which would lead to a further decline. Currently, the trend is running as expected, with the price having broken down and nearing the low point of 84400, and the consolidation range has been broken, leaning towards a continuation of the weak trend. Attention should be paid to the support at 84000.

From the 4-hour chart perspective, the price quickly rebounded to 85600 after forming a long lower shadow near 84450, indicating significant short-term buying support in that area. Although the daily chart has closed in the red for three consecutive days, the K-line on December 16 formed a single needle bottom after touching the low of 85266, and subsequently built a bullish engulfing pattern, releasing a local stabilization signal.

From a technical indicators perspective, the 4-hour MACD shows that DIF(-733) and DEA(-724) have continuously adhered below the zero axis, while the 1-hour MACD histogram has expanded to -531, indicating an accelerating downward trend. In terms of trend indicators, the price is currently constrained by the EMA7 moving average (86344) and forms a bearish arrangement with the EMA30 moving average (87562), remaining in a weak adjustment structure overall. It is recommended to focus on short positions during rebounds.

12.19 Bitcoin short-term trading ideas reference:

Short test entry point 88300-89300, stop loss 92500, stop loss: 500, target below 87500,

Long test entry point 83300-84300, stop loss 500, target above 85500,

12.19 Ethereum short-term strategy reference:

Short test 2895-2945 lightly, stop loss 30 points, target below 2850,

Long test entry point 2781-2731, stop loss 30 points, target above 2830,

The article may be delayed in delivery, and the strategy suggestions are for reference only. The market changes rapidly; no matter how confident you are in market judgment, always set take profit and stop loss to secure your gains. #BTC #ETH🔥🔥🔥🔥🔥🔥 #ETH（二饼）