12.19 Friday Bitcoin and Ethereum Morning Analysis



In the current market analysis, it is observed that the rebound momentum of Bitcoin on the daily chart is weakening, with consecutive upper shadows reflecting insufficient buying strength and a lack of liquidity. The bearish trend still dominates. On the four-hour chart, after touching the upper band of the Bollinger Bands, it encountered resistance and retraced, with a sharp decline breaking through the lower band and further piercing the support level. Multiple technical indicators and moving averages all show a downward turn, indicating there is still room for further decline. Based on this, the recommended trading strategy is to continue to focus on shorting after rebounds.

Bitcoin recommended: 85800-86300 Target: 84500
Ethereum recommended: 2860-2880 Target: 2760
#BTC #ETH #BNB
BNB-3.26%
BTC-2.34%
ETH-3.99%
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