Wednesday, December 18 Highlights of Mainstream Coins

Current market conditions reveal that after Bitcoin reached a new high yesterday, it encountered a downward pullback. After several tests of the bottom, there are no signs of a renewed breakthrough yet, with bearish forces gradually diminishing, and the downward space becoming increasingly narrow, while the upward resistance is relatively light.

From the daily perspective, the overall trend still firmly maintains above the three-day average price line. Last night's pullback touched this key line and quickly rebounded, highlighting the strong support effectiveness of this average price line.

From the 1-hour chart, the trend is hovering and consolidating near the middle track of the Bollinger Bands, with bearish forces significantly weakened. It is expected that during the midnight period, the bulls may seize the opportunity to further recover lost ground.

Therefore, in terms of operational layout, we will continue to adhere to a low-position long strategy.

Long Bitcoin in the range of 105500-105800, targeting above 108000.

Long Ethereum in the range of 3880-3910, targeting above 4100.