#BTC 12.19 Midday Bitcoin and Ethereum Market Analysis and Trading Suggestions
From the current chart, after experiencing a daily-level pullback, the market's short-term selling pressure has been sufficiently released. On the four-hour chart, although the price is still within a downtrend channel, initial signs of stabilization and a halt in decline have appeared. The candlestick patterns show consecutive bullish candles repairing downward momentum, indicating that support below is gradually consolidating. Despite the lack of volume during the rebound, which suggests market sentiment remains cautious, technical indicators have entered oversold territory, indicating a strong short-term rebound and correction demand. For midday trading, focus on buying the dip after stabilization, lightly position for the rebound, control position size, set reasonable stop-losses, and seize technical correction opportunities. After digesting negative expectations, the market is likely to gradually oscillate and build a bottom, paving the way for a phase of recovery. Official account: Shengdong Trend Theory
For midday, consider buying around 84,800 on Bitcoin, with a target of 86,500. For Ethereum, consider buying around 2,800, with a target of 2,900.
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#BTC 12.19 Midday Bitcoin and Ethereum Market Analysis and Trading Suggestions
From the current chart, after experiencing a daily-level pullback, the market's short-term selling pressure has been sufficiently released. On the four-hour chart, although the price is still within a downtrend channel, initial signs of stabilization and a halt in decline have appeared. The candlestick patterns show consecutive bullish candles repairing downward momentum, indicating that support below is gradually consolidating. Despite the lack of volume during the rebound, which suggests market sentiment remains cautious, technical indicators have entered oversold territory, indicating a strong short-term rebound and correction demand. For midday trading, focus on buying the dip after stabilization, lightly position for the rebound, control position size, set reasonable stop-losses, and seize technical correction opportunities. After digesting negative expectations, the market is likely to gradually oscillate and build a bottom, paving the way for a phase of recovery.
Official account: Shengdong Trend Theory
For midday, consider buying around 84,800 on Bitcoin, with a target of 86,500.
For Ethereum, consider buying around 2,800, with a target of 2,900.