Analyst Liang Qiu: 12.19 Bitcoin/Ethereum Rapid Decline, What is the Subsequent Trend?

Bitcoin/Ethereum experienced another rapid decline early in the morning, with a relatively large drop. Bitcoin directly broke below the 100,000 mark, reaching a low of around 98,800, while Ethereum also dropped to around 3,540. Subsequently, it rebounded again. Yesterday, we positioned ourselves twice with a buy strategy around 103,000 and 3,820 during the pullback. The market also surged multiple times to above 105,000 and 3,900, allowing for good profit opportunities. In fact, after Ethereum broke below 3,800 last night, I entered a short position, gaining around a hundred points, but the market trend remains uncertain.

From the K-line pattern of Bitcoin/Ethereum, the recent price has shown a significant pullback from high levels, with multiple peaks followed by declines, particularly the large bearish candlestick since 108,000 and 4,100 indicates strong selling pressure. In terms of technical indicators, the current MACD's DIF and DEA are both in negative territory, and the MACD histogram continues to stay below the zero axis, indicating a dominant bearish force. The daily MA indicators have also broken below the 7-day and 10-day moving averages at 103,500 and 3,830. Moving forward, we will monitor the pressure at this position; if the pressure holds, the market will further decline.

In terms of operations, Liang Qiu suggests entering a light short position near Bitcoin 102,500 and Ethereum 3,730. Manage your profits yourself, without real-time reminders. Currently, the market is primarily in a wave pattern, and the information shared is timely. Please refer to real-time guidance, and I welcome everyone to communicate and exchange ideas together. #加密市场回调