12.20 Friday Bitcoin and Ethereum Afternoon Trading Strategy
The Bitcoin 4-hour chart rebounded after experiencing a series of large bearish candles, touching the 95600 mark in the early morning. The morning session saw a slowdown in the decline, with consecutive candlesticks showing long lower shadows and small bodies, resulting in price oscillating within the 95500 - 98000 range with decreased volume. The strong bearish momentum has eased, and the range of fluctuations is narrowing, presenting a tug-of-war pattern in the short term. The focus is on the European and American trading sessions; if the price does not further dip below support, after a corrective phase, bulls may welcome a rebound opportunity.
The afternoon trading strategy for Friday is as follows:
BTC: Go long in the 96000 - 96500 range, target price 98000; if it breaks through, continue to be bullish; if it does not break through, take advantage of the long and short fluctuation space within the range.
ETC: Go long in the 3330 - 3340 range, target price 3460.
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