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Friday morning, December 19th BTC/ETH Silk Sharing
From the current market situation, the daily rebound momentum of Bitcoin is gradually weakening. Consecutive upper shadows indicate insufficient market buying and lack of liquidity, with the bearish trend still dominant. On the four-hour structure, after the price rebounded to the upper band of the Bollinger Bands, it faced resistance and fell back, plunging sharply below the lower band and breaking through support levels again. All indicator moving averages are collectively turning downward, showing further downside potential. It is still recommended to mainly short on rebounds and rallies.
Bitcoin: trade within the 85800-86300 range, target around 83500
Altcoin: trade within the 2840-2860 range, target around 2760