12.15 Bitcoin Market Analysis and Reference

The intraday market trend continues to weaken with oscillations downward. Overall, the trend remains bearish, so we should be cautious of prices breaking support levels and further testing downward, which could lead to the continuation of the daily decline. On the daily chart, three consecutive bearish candles broke below the previous low of 90,229 points, forming a descending "N" pattern. Subsequently, a significant anomaly appeared on the 4-hour chart, with a single candlestick plunging 896 points accompanied by increased trading volume, indicating clear short-term selling pressure.

From a technical indicator perspective, the MACD on the 4-hour chart has its DIF and DEA lines crossing below the zero axis, with the histogram expanding to -405, indicating accelerating bearish momentum. Meanwhile, the price has broken below the EMA7(89253), EMA30, and EMA120 moving averages. The current new low at 88588 is significantly below the short-term EMA7, presenting a standard multi-timeframe bearish alignment. The short-term trend remains weak, upward momentum is gradually diminishing, and a continued correction is expected. Therefore, it is not recommended to go long temporarily; a cautious approach with waiting for rebounds to enter is advised.

Upper resistance levels are around the 90,000 area, while support levels are at new lows (87,500). If broken, watch for 85,000.

12.15 Bitcoin Short-Term Trading Strategy Reference:
- Short position at 90,300-99,300, with a stop at 92,500, and a target below 88,500.
- Add to short position at 85,300-86,300, with a stop at 85,000, and a target above 87,500.

12.15 Ethereum Short-Term Strategy Reference:
- Light short at 3,095-3,145, with a 30-point stop loss, and a target below 3,050.
- Long position at 2,981-3,031, with a 30-point stop loss, and a target above 3,080.

There may be delays in article delivery. These strategy suggestions are for reference only. Market conditions change rapidly. Regardless of how confident you are in your market judgment, always set proper profit-taking and stop-loss orders to secure gains.

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