12.19 Evening Bitcoin and Ethereum Operation Suggestions and Direction Sharing


Every review and summary is paving the way for future clarity, every gain is a realization of strategy, and the market is exactly that mirror reflecting the truth and a furnace forging wisdom. The afternoon Bitcoin long position was safely executed again, with an entry near 87200, and a simultaneous entry near 2920 for the second position. The afternoon market, as expected, moved upward steadily, reaching around 88000 and 2950 for the second position, prompting an exit, capturing over 700/24 points of profit. I am daily accompanied by numbers, capturing subtle changes in market sentiment to provide precise analysis.
From the current market situation, on the 4-hour chart, Bitcoin shows a continuous four-day bullish trend, with green solid candles accompanied by obvious upper shadows. Short-term resistance still exists, with multiple attempts to break above resistance levels failing, leading to a slow pullback and consolidation phase. On the 1-hour chart, the Bollinger Bands show a converging pattern, with the upper and lower bands trending downward. During multiple rebounds attempting to test the upper band resistance, green volume has shown signs of decreasing. If short-term volume cannot continue to break through resistance levels, the market may enter a narrow range correction. Therefore, our evening trading strategy should focus on high selling and low buying.
Bitcoin around 88800 to 88300 can be shorted, watch 86500.
Ethereum around 2980 to 2950 can be shorted, watch 2870.
ETH-0.32%
BTC0.15%
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