December 19th Midnight Bitcoin and Ethereum Trading Suggestions and Directions
From the current market situation, the four-hour chart shows that the market has already exhibited obvious pressure and correction characteristics. Multiple attempts to break through the key resistance levels above have failed to achieve effective breakthroughs. The previous upward trend with consecutive bullish candles has been broken, with each rebound accompanied by longer bearish candles. In the short term, Bitcoin remains under strong pressure in the upper Bollinger Band region, with decreasing bullish momentum. The rebound failed to stabilize above resistance levels, quickly retreating to previous support levels before bouncing again. On the one-hour chart, each attempt to approach the key resistance level is met with long upper shadows and a retreat, with candlestick patterns showing a "weak rally" characteristic. This trend indicates that selling pressure above continues to be released, bullish capital is insufficient to sustain upward movement, and the market's short-term upward momentum is gradually weakening. Therefore, midnight trading suggestions still follow the evening strategy, focusing on rebounds. Bitcoin around 88,000 to 88,800 can be considered for long positions, watch 86,500. Ethereum around 2,070 to 3,000 can be considered for long positions, watch 2,870.
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December 19th Midnight Bitcoin and Ethereum Trading Suggestions and Directions
From the current market situation, the four-hour chart shows that the market has already exhibited obvious pressure and correction characteristics. Multiple attempts to break through the key resistance levels above have failed to achieve effective breakthroughs. The previous upward trend with consecutive bullish candles has been broken, with each rebound accompanied by longer bearish candles. In the short term, Bitcoin remains under strong pressure in the upper Bollinger Band region, with decreasing bullish momentum. The rebound failed to stabilize above resistance levels, quickly retreating to previous support levels before bouncing again. On the one-hour chart, each attempt to approach the key resistance level is met with long upper shadows and a retreat, with candlestick patterns showing a "weak rally" characteristic. This trend indicates that selling pressure above continues to be released, bullish capital is insufficient to sustain upward movement, and the market's short-term upward momentum is gradually weakening. Therefore, midnight trading suggestions still follow the evening strategy, focusing on rebounds.
Bitcoin around 88,000 to 88,800 can be considered for long positions, watch 86,500.
Ethereum around 2,070 to 3,000 can be considered for long positions, watch 2,870.