After several days of decline on the daily chart, the market is now consolidating at low levels, with no signs of a rebound. The hourly chart is still in a downward trend, but the decline is slow. It is much steadier than during the previous sharp drop. The MACD's short-term downward momentum has weakened, but it has not yet turned into upward momentum; in the long term, the downward force still dominates. The RSI has dipped a bit too much in the short term, possibly bouncing slightly, but overall market sentiment remains very weak. All short-term and mid-term moving averages are pressing down from above, clearly indicating a downward trend.

There are signs of a short-term pause in the market, but overall, the bears still control the market, and the direction remains unchanged.

12.16 Bitcoin Trading Strategy:
Short at 87,300-86,500, stop loss above 88,200, target around 84,800, if it breaks further down, look for around 83,400
Light long at 84,950-85,700, reserve space to add at around 83,700, stop loss 1,200 points below, target 87,100-88,100

12.16 Ethereum Trading Strategy:
Short at 3,005-2,965, stop loss above 3,065, target 2,805-2,765
Long at 2,765-2,805, stop loss below 2,715, target 2,885-2,935

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