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December 19 Evening Bitcoin and Ethereum Trading Suggestions and Directions
From the current market situation, the four-hour chart shows that after multiple attempts to break through the upper resistance without success, the short-term upward rally has been interrupted by Kong's intervention. The price encountered strong resistance at the upper Bollinger Band, and the bullish momentum could not be effectively sustained. The dominant pattern in the market is unlikely to continue in the short term. From the 1-hour chart, Bitcoin has not yet touched the upper Bollinger Band and is already showing significant resistance. The candlestick repeatedly tests upward momentum, with each rebound accompanied by a pullback, indicating heavy selling pressure above and diminishing upward energy. Here, Lao Zhao still recommends continuing the evening trading strategy, focusing on rebounds below resistance levels.
Bitcoin around 88,800 to 88,300 can be shorted, watch 86,500
Ethereum around 2,980 to 2,950 can be shorted, watch 2,870#BTC #ETH