Thursday Morning's Latest Strategy for Bitcoin on December 19
From the current perspective, yesterday's trend repeatedly fell below the 104,000 support level, and the recovery of the price has been slow. The trend is strongly leaking, indicating a reversal. The Federal Reserve's interest rate announced at three o'clock in the morning also met market expectations and had a relatively small impact. However, Powell's speech can be described as a shocking blow, indicating that interest rate cuts may slow down next year, and a slow reduction in rates could negatively impact the economy and employment, which has far-reaching implications for the cryptocurrency market.
From a four-hour perspective, the downward support has been breached, and the Bollinger Bands are showing a wide downward opening. The support space below is quite spacious, and there is significant room for further declines. Future operations should shift to focus on high levels of short positions.
Morning operation suggestion:
Bitcoin at 102,000-101,500 for short positions, looking down towards 100,000-99,000.
Ethereum at 3,750-3,700 for short positions, looking down towards 3,600-3,480.
