Market Trend Interpretation on December 19th

Looking back at this week's market trends, the significant fluctuations have gradually calmed down, and the market is currently in an adjustment phase.

From a technical analysis perspective, the four-hour chart shows that the width of the trading channel is close to 10,000 points, and the previous high drop has fully released the bearish pressure.

Currently, the market is experiencing a consecutive rebound, entering a relatively mild consolidation period. Short-term indicators show that the market has entered the oversold zone, accompanied by an increase in bullish strength, presenting an overall upward trend.

Therefore, the current strategy of pursuing shorts is no longer appropriate.

Afternoon Trading Strategy Recommendations

• For Bitcoin, it is recommended to establish long positions in the range of 100,300 to 100,800, with a target price set around 103,500.

• For Ethereum, it is suggested to lay out long positions in the range of 3,630 to 3,660, with an expected target around 3,800. #MarketPullback #BinanceAlphaTop5 #USUALTradingOpen