December 15th midday Bitcoin and Ethereum trading suggestions and outlook


Fate favors those who prepare in advance; every decisive strike hides the sharpness honed over years. Success is like rushing upstream: the key is not the width of the stream but the paddle firmly grasped during the reverse flow. At midday, Bitcoin around 88,900 hints at entering long positions; Ethereum around 3,100 suggests simultaneously entering long positions. After a brief stretch, both exited the market. Small gains were made; Bitcoin secured over 500 points of space, while Ethereum gained over 20 points before short-term profit-taking and exiting the positions.
From the current market, on the daily chart, after previous continuous declines, the current pattern is dominated by bullish candles. The Bollinger Bands are converging, and short-term technical indicators are leaning towards buying. Moving averages remain neutral, and the short-term direction is yet to be clarified. On the 4-hour chart, after reaching around 89,970 this morning, Bitcoin faced resistance and pulled back. It is currently oscillating near 89,400. The short-term 90,000 level still presents strong resistance, but the support at 89,000 remains solid. The short-term is a critical dividing line — currently, the price has stabilized above it. Multiple rebounds without breaking this line indicate strong buying momentum in the short term. Therefore, afternoon trading should focus on long positions above 89,000 and monitor the rebound strength.
Bitcoin around 89,500 to 89,000 can be bought, watch for 91,000.
Ethereum around 3,100 to 3,070 can be bought, watch for 3,200.
ETH-0.17%
BTC0.46%
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