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12.19 Friday Bitcoin and Ethereum Evening Analysis
In the current market trend analysis, from the 4-hour timeframe, the price has shown a continuous four-day bullish trend, accompanied by significant green candlesticks and upper shadows, indicating that short-term resistance remains prominent. Despite multiple attempts to break through the upper resistance, all have failed, and the market has now entered a slow correction phase. In the 1-hour chart, the Bollinger Bands are converging, with both the upper and lower bands trending downward. During repeated attempts to rebound and test the upper band resistance, the green volume shows signs of decreasing. If a volume breakout cannot be achieved in the short term, the market may enter a narrow range consolidation. Therefore, it is recommended to adopt a low-buy strategy tonight, with a target set at 90,000.
Bitcoin recommendation: 87,400-87,700 Target 89,500
Ethereum recommendation: 2,980-2,920 Target 3,050
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