12/19 Bitcoin Ethereum Market: Currently, Bitcoin has overall dropped by five to six points since last night, while Ethereum has seen a larger decline, with the entire market showing a downward trend. The previously direct upward red line has been eliminated because the price has fallen.

However, whether the wedge holds depends on the key position of 98,000. If 98,000 is not broken, the current pullback still belongs to the adjustment within the fifth wave, and there will still be an opportunity to move upward again to complete the final rise of the fifth wave. On the contrary, if 98,000 is broken, it indicates that the fifth wave has not truly arrived, and the market is still in the adjustment of the fourth wave. In this case, the lower levels may test the support around 90,000 to 92,000.

At this position, opening a long position is not recommended. The reason is simple: we are at a critical point of breaking or not breaking. If it breaks, it will continue to move downward; if it does not break, it may move upward. Wait for the market to become clearer before taking action. If 98,000 holds and the fifth wave completes upward, I will consider positioning for a short; if it breaks and the price drops to around 92,000, that would be a good opportunity for a long position.

In summary, short above 110,000 or long around 92,000, do not participate in between.