12.19 Morning Review Short-term Long, Long-term Short



In the early hours, Bitcoin tested 89447 and faced resistance, falling to 84405, a drop of over 5000 points; Ethereum dropped from 2997 to 2772, nearly 200 points. This replicates the pattern of a sharp rise followed by a sharp decline in a one-sided market. In the evening, the bears took control.

Four-hour chart: Three major bearish candles plunged below the lower band of the Bollinger Bands, then stopped falling. Currently consolidating and gathering strength, Bollinger Bands expanding, volatility increasing. The bulls have not weakened; they are building a bottom with time as a trade-off for space, and support is effective. The morning strategy is to follow the trend for a rebound to buy, with a firm target of shorting.

Bitcoin suggestion: buy at 85000-85600, target 87000
Ethereum suggestion: buy at 2800-2770, target 2900
BTC0.22%
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