Thursday Morning Analysis of Bitcoin Operations on December 19

From the current market perspective, the price of Bitcoin has repeatedly fallen below the key downward support level of 104,000 yesterday, and the bullish recovery momentum is slow. The overall trend shows a strong downward trend, as if the floodgates have been opened. Although the Federal Reserve's interest rate announcement at three o'clock in the morning met expectations and had a limited impact on the market, Fed Chairman Powell's speech was like a heavy bomb, delivering a heavy blow to the bulls. He hinted that the pace of interest rate cuts may slow down next year, raising concerns in the market about the economic and employment outlook, which has a profound impact on the cryptocurrency market.

From the four-hour chart, the downward support for Bitcoin has clearly been broken, and the Bollinger Bands show a large downward opening, indicating that there is still significant downward space below. This means that the bearish forces are strong, and the likelihood of a price pullback in the future is very high. Therefore, in subsequent operations, it is recommended to focus on short positions.

Trading Suggestions:

Short Bitcoin around 102,000-101,500, targeting down to 100,000-99,000

Short Ether around 3,750-3,700, targeting down to 3,600-3,480 $BTC $ETH #币安Alpha项目公布 #USUAL现货上线币安 #BTC再创新高 #PENGU开盘 #PENGU开盘