Evening layout for the 19th of December:
1. The current market has dropped from 108300 to 98700, nearly a ten thousand meter high fall. The bulls have taken a big tumble; can we expect a bullish market next?
2. Firstly, it is undeniable that the previous emphasis on the layout at 107700 resulted in a gain of 4100 points, as witnessed across the internet. Secondly, yesterday Powell's speech was not just an implication, but a clear indication that the Federal Reserve will not reserve cryptocurrencies. Reserving cryptocurrencies is a matter for the U.S. government; the conflicting opinions between the two have led to turmoil in the crypto market. However, Li Chen believes that regardless of what Powell says, yesterday's market was bound to drop because market sentiment was high and about to break 110k. But if it doesn't cool down before hitting 110k, then it's hard for a heavy vehicle to take off?
Currently, a ten thousand point correction has occurred. Going up again to break new highs will be much easier. Come on, if I can't cure his problems, I'm not going to be a veterinarian.
Bullish strategy for futures:
Buy around market price 102200-101600
First tier target at 103500-102900
Second tier target at 104600-104100 Pattern position: 107800