12.22 Midday Insights and Trading Suggestions
BTC:
The Bitcoin daily chart shows a retracement trend, and the four-hour level rebound has ended. A four-hour level continuation downward is expected.
The upper rebound resistance level is 97400, while the lower target support levels are 95442, 94137, 92338, with spike positions at 90286 and 85589.
If the rebound does not break 97400, a bearish outlook can be considered. If the four-hour level closes above 97400, then exit manually.
ETH:
The Ethereum four-hour level rebound has ended, and a second downward test is expected.
The small-level rebound resistance levels are 3337 and 3421, with lower target support levels at 3263, 3104, and 3038.
For a market reversal to occur, the four-hour level must close above 3421.
If a market reversal happens, the upper resistance levels are 3566 and 3674.
