Morning Thoughts on December 20:
In the middle of the night, Bitcoin's market faced a significant change. After being pressured at the high point of 101162, the situation took a sharp downturn, resembling a raging one-sided waterfall of decline, with prices wildly probing for a bottom until temporarily stabilizing at the low point of 95681. In just three days, Bitcoin has surprisingly pulled back by a massive 10,000 points, such an astonishing drop has caused the entire market to seem trapped in an endless vortex of selling, falling into a very fierce washout predicament. Ethereum's trend is also not optimistic, continuously probing down from the high point of 3635, eventually pausing at the low point of 3322. Since the drop from the 108000 mark, it has accumulated a huge drop of nearly 13000 points.
The four-hour K-line EMA trend indicator is forming a downward net expansion trend, with EMA15 having broken below the EMA60 indicator of 101800, beginning to impact 100900, paying attention to the strong pressure at the 100,000 mark. The MACD is continuously shrinking downwards, with DIF and DEA falling below the 0 axis, entering a bearish phase, and a short-term decline is inevitable. The Bollinger Bands are expanding outwards, increasing the distance between long and short positions, with the lower track now supporting at 97500. The K-line has broken below the lower track, and the overall trend is beginning to revolve downward around the lower track line, forming a descending channel.
Bitcoin short at 98200-98500 looking down at 95600-96000
Ethereum short at 3480-3480 looking down at 3350-3380
