12.19 Early Analysis
Last night, Bitcoin's market exhibited an inverted V reversal pattern, with prices rising to touch the critical resistance level of 89447. After that, momentum waned, and it entered a unidirectional downtrend, hitting a low around 84400, with a drop of over 5000 points. The volatility was significant, and the market showed strong momentum.
BTC: It is recommended to decisively open positions in the range of 85800-86300, targeting a drop to the 84700-83700 area, with stop-loss set above 86800 to avoid the risk of sudden rebounds.
ETH: Simultaneously relying on pressure to set up positions, enter in the range of 2850-2870, targeting the support zone of 2800-2770, with stop-loss set above 2890, strictly controlling position risk.
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