December 15 Morning Bitcoin and Ethereum Operation Suggestions and Direction Sharing


In the crypto world, stubbornness is common. Yesterday's outlook was bullish, today it might be bearish. Currently in a rebound and extension phase, while earlier experiencing sharp declines. Don't cling to positions or force trades; adapt your thinking to market movements. Flexibility leads to gains, rigidity leads to losses. After a bullish outlook was given late at night, the market suddenly turned and broke below the 89,000 support level, causing some of our bullish positions to regret missing the opportunity. A sharp decline ensued, demonstrating the strength of the bearish trend. After a correction, we followed the strong downward trend and reversed into a bearish position. Bitcoin gained over 1300 points, Ethereum gained over 70 points, turning losses into profits. When market sentiment suddenly shifts, your strategy must adapt accordingly.
From the current market view, key supports have been broken, and the downward space is fully open. The bearish momentum has been released. Currently, prices are trading below the lower band of the Bollinger Bands, with the middle band acting as a short-term resistance.
Indicator signals: RSI6 is in a downward trend, indicating short-term retracement needs. The MACD shows that the bearish momentum still dominates. The Bollinger Bands are opening downward, with the candlesticks running along and testing support at the lower band. The short-term pattern is weak, with the Bollinger Bands expanding downward, indicating the market is entering a retracement and consolidation phase. Volatility is increasing, likely leading to a choppy, back-and-forth trend with step-by-step reversals. Although the MACD green energy bars are slightly shrinking, no clear sign of a trend reversal has appeared yet. Overall, the bearish trend remains dominant.
In the early hours, Bitcoin below 89,000 can be shorted. Watch for 85,500.
Ethereum near 3050 can be shorted. Watch for 2950.
ETH-0.17%
BTC0.46%
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