12.24 Tuesday Afternoon Silk Road Analysis and Trading Recommendations:

Bitcoin is generally trending downwards in the morning, dropping from around 95480 to about 93500, currently rebounding around 94340. Ethereum has fallen from around 3465 to about 3356 in the morning, currently rebounding to around 3406.

From the current daily chart, Bitcoin continues to show bearishness, with support around 92700. From the 4-hour structure, the Bollinger Bands are opening downwards, with KDJ crossing upwards and MACD also trending upwards. From the hourly structure, Bitcoin shows an increase in volume, with KDJ and MACD trending upwards.

Trading Recommendations:

Bitcoin

Rebound around 94600-95000, target 93100-92700.

Ethereum

Rebound around 3410-3440, target 3360-3330.