Wednesday, December 19th, Evening Silk Road Analysis Recommendations:

The cryptocurrency price has stopped falling and rebounded during the day. The short-selling strategy provided in the morning perfectly matched the market trend. After closing the short position, the long position layout also yielded great returns, with Bitcoin already rebounding over 3,000 points.

Looking at the hourly chart, the downtrend in the cryptocurrency price has not yet been broken, with the trendline resistance around 103,000. The resistance may pull back for a correction! The overall trend is still bearish!

This evening, pay close attention to the resistance around 103,000! The strategy will primarily focus on short-selling during the rebound.

Operation Suggestions:

Bitcoin: Short at 103,000-103,500, targeting 101,500-100,000

Ethereum: Short at 3,730-3,750, targeting 3,650-3,600