12.17 Midday Cryptocurrency Market and Trading Strategies

- Core conclusion: BTC/ETH are experiencing short-term consolidation with slight stability, downward momentum weakening. Short-term buying dips is advisable with strict risk control.

- BTC quote: Around $87,500 at midday on December 17, up 1.2% intraday; the lowest was $85,100 in the morning. Currently fluctuating between $85,000 and $89,000, indicating a correction after a high-level pullback.

- BTC technical analysis: Daily RSI approximately 43 (neutral leaning bearish), MACD shows a bearish crossover, but RSI divergence suggests decreasing downward momentum; open interest in futures has declined, perpetual contract selling pressure has increased, and there are clear long-short disagreements with no extreme sentiment.

- ETH quote: About $2,940 at midday, moving in tandem with BTC. Support levels are at $2,880-$2,900, with resistance at the $3,000 mark.

Trading Strategies (short-term, light position, risk management prioritized)

- BTC: Long positions in the $85,000-$86,000 range targeting around $88,000; stop-loss at $84,500, recommended position size 2%-3%.

- ETH: Long positions in the $2,880-$2,900 range targeting around $3,000; stop-loss at $2,850, recommended position size 2%-3%.