Thursday, December 18th

Will the rate hike be announced openly? How complicated will the market be?

Yesterday's market movement was extremely shocking, like a roller coaster ride, with sharp rises and falls, significant impact, and combined with selling pressure from news. The rate hike in the Japanese Yen, Fed rate cuts, miner mass exodus, and large outflows from Bitcoin ETFs—especially the hidden factor of the Yen rate hike—were all key to the sell-off. Yesterday, Ziqing's approach followed the "long first, then short" strategy, which was quickly validated by the market, confirming considerable profit potential.

The current market rebound is essentially a technical correction. The 4-hour chart also shows resistance at the middle band of the Bollinger Bands, with rebound momentum clearly insufficient. After touching the lower band, there was some recovery, but resistance above is evident. The three Bollinger Bands are flattening, indicating weakening trend momentum.

On the daily chart, the price remains around the middle Bollinger Band, not changing the overall downward pattern. Based on multi-timeframe analysis, the market is in a consolidation phase of long-short battles. The trading strategy remains low buy, high sell🈳, with small rebounds and small shorts, and bold shorts on large rebounds.

btc🎯 90500-91000 Short, target 88500. After breaking below, watch for 87500-86500.
eth🎯 2990-3010 Short, target 2910. After breaking below, watch for 2850.
$BTC $ETH