Hai Zhou Chuan Lang: 12.19 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights

Hai Zhou Chuan Lang: 12.19 Bitcoin (BTC) Market Analysis Reference:
Bitcoin continued its intra-day oscillation and recovery trend yesterday, with the price rising to touch the 90,000 level before facing resistance and pulling back. It not only fell below the key level of 85,000 USD but also briefly dipped to a low of 84,400 during the session. Currently, the price is consolidating around the core support zone of 85,000-86,000.
From a daily chart perspective, the candlestick has shown long upper shadows for two consecutive days, highlighting heavy selling pressure above. The Bollinger Bands are opening up, with the current price close to the lower band, while multiple EMA lines are firmly suppressing it. The MACD momentum continues to shrink and turn red, with DIF and DEA diverging downward to maintain a death cross. The KDJ indicator is oscillating in the low region, with no clear reversal signals yet. The overall bearish trend is clear, and future focus should be on the 85,000-85,500 support zone, which is the mid-term lifeline for the bulls. If this level is broken effectively, the price is likely to further decline.
From the hourly to 4-hour charts, Bollinger Bands are showing a slight widening pattern. The previous five consecutive bullish candles were quickly ended by a large bearish candle, causing the price to drop directly below the lower Bollinger Band. After breaking support at various moving averages, the rebound strength is weak. The middle band of Bollinger Bands has become a strong resistance for short-term rebounds, and the price continues to hover weakly near the lower band. The MACD indicator's fast and slow lines form a death cross at low levels, further confirming the bearish momentum. The KDJ indicator is oscillating in the low region, indicating a clear need for technical correction. However, the short-term trend remains bearish, and the technical correction is unlikely to reverse the weakness. Traders should closely monitor the effectiveness of the lower band support, and consider short positions if resistance during rebounds is encountered.
Hai Zhou Chuan Lang: 12.19 Short-term Reference for Bitcoin:
Long positions: Buy in the 83,500-84,500 range, with a stop at 82,500, target 86,500 - 87,500 - 88,500,
Short positions: Short in the 88,000-89,000 range, with a stop at 90,000, target 87,000 - 86,000 - 85,000,
Hai Zhou Chuan Lang: 12.19 Short-term Reference for Ethereum:
Long positions: Buy in the 2730-2760 range, with a stop at 2630, target 2830-2950,
Short positions: Short in the 2970-3020 range, with a stop at 3120, target 2870-2750,
The article is time-sensitive and may experience delays. The personal opinions are for reference only. Do not operate blindly! I hope everyone can stick to their principles regardless of market fluctuations, stay rational and calm. Seize opportunities, make precise decisions, and ride the waves in the ocean of investment to harvest wealth and growth!!!)#BTC