December 15 Evening Operation

The early market showed obvious fluctuations. Bitcoin and altcoins initially faced downward pressure, then rebounded to around 89,000 and 3,150 respectively, encountering resistance and unable to move higher. Currently, the battle between bulls and bears is becoming more intense, with prices oscillating within a narrow range. The low-buy strategy we provided in the morning has already helped everyone make money.

From a technical perspective, the 4-hour chart shows four consecutive bearish candles testing the bottom, followed by a rebound with bullish candles. However, upon reaching the middle band of the Bollinger Bands, it faced resistance and pulled back, ultimately closing with a long upper shadow candlestick, indicating that the overall bearish pattern has not been broken. The price is now consolidating with reduced volume at a high level, which is a clear sign of a trap for the bulls. On the hourly chart, the bulls are regaining strength, recovering half of the decline, and the long upper shadow confirms that the correction is complete. The price is approaching the middle of the oscillation range, with potential for a breakout. The short-term trend is leaning towards a strong oscillation. However, from a larger trend perspective, the downward pattern remains unchanged. Considering current market sentiment and trend inertia, it is recommended to rely on high-level short positions during the European session.

Specific Operation Suggestions

Bitcoin: Short around 90,000, target near 87,000
Altcoins: Short around 3,150, target near 3,000$BTC $ETH