December 18th midday Bitcoin and Ethereum trading suggestions and outlook

From the current market situation, the 4-hour chart shows that the Ichimoku Cloud with three lines continues to decline. Currently, technical indicators are lagging. The market is in a phase of oscillation and correction after a decline. Short-term technical analysis indicates oversold rebound signals. On the 1-hour chart, after dipping to around 85,260 in the early morning, it began a range-bound correction. The market is currently dominated by fragmented bullish and bearish signals. In the short term, the market is in a state of balanced struggle. Currently, Bitcoin is trading below the middle line of the Ichimoku Cloud. The upper line at around 88,300 is a resistance level, and the previous low at around 85,200 can serve as support.
Technical indicators: MACD: DIF and DEA form a death cross below the zero line, with the MACD histogram negative, indicating that the bearish force is dominant. However, there is a short-term rebound and correction. Watch for the validity of breaking through the upper line. If a volume breakout occurs or the upward space opens, it indicates potential for further gains. If multiple attempts to break through fail, the price may test the lower band support. Overall, the short-term technical outlook shows oversold rebound signals. Therefore, midday trading suggestions mainly focus on buying on dips.
Bitcoin around 86,000 to 85,500 can be bought, watch for 87,500.
Ethereum around 2,830 to 2,800 can be bought, watch for 2,900.