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December 19 Afternoon Bitcoin and Ethereum Trading Suggestions and Direction Sharing
From the current market situation, the 1-hour chart shows a volatile upward trend. Since this morning, Bitcoin has rebounded from its lows, forming a V-shaped reversal. After breaking through short-term moving averages, it is currently trading near 86,900, above the middle band of the Bollinger Bands. The current dominant pattern is bullish, with a large bullish candle breaking through followed by a small retracement and consolidation. The momentum for the bulls to regain ground is being released. MACD, with the fast and slow lines below the zero axis, is turning upward, with DIF crossing above DEA below the zero line to form a golden cross, indicating the upward trend continues. Therefore, the afternoon trading strategy should continue with the midday approach, focusing on buying on dips.
For Bitcoin, consider buying near 87,500 to 87,000, with attention to 88,500.
For Ethereum, consider buying near 2,950 to 2,920, with attention to 3,020.