After the news was released in the afternoon, the market for Bitcoin officially entered a phase of correction where the negative factors have been exhausted. At this point, it is advisable to rely on pullbacks to strategically position for a bullish trend.
From a technical perspective, the 4-hour chart for Bitcoin shows a low-level golden cross, indicating an initial signal of a short-term rebound. However, it remains in a weak zone, suggesting that the bullish momentum has not yet fully stabilized, and the strength of the rebound should not be overestimated.
The altcoin (姨太) is even more weak, with its price continuously under pressure below the downward trendline, and the dense resistance zone formed by the daily moving averages is clearly suppressing upward movement. The rebound space is relatively limited.
Evening Recommendations
Bitcoin: During the rebound to the 88,800-89,300 range, consider entering in batches; if it breaks below 86,500, continue to watch for further declines toward 85,500.
Altcoin: During the rebound to the 2,990-3,030 range, consider entering in batches; if it breaks below 2,900, continue to watch for further declines toward 2,850.
Market conditions change rapidly. This article is time-sensitive. Friends who have already entered the market should follow real-time guidance.
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12.19 Evening Recommendations
After the news was released in the afternoon, the market for Bitcoin officially entered a phase of correction where the negative factors have been exhausted. At this point, it is advisable to rely on pullbacks to strategically position for a bullish trend.
From a technical perspective, the 4-hour chart for Bitcoin shows a low-level golden cross, indicating an initial signal of a short-term rebound. However, it remains in a weak zone, suggesting that the bullish momentum has not yet fully stabilized, and the strength of the rebound should not be overestimated.
The altcoin (姨太) is even more weak, with its price continuously under pressure below the downward trendline, and the dense resistance zone formed by the daily moving averages is clearly suppressing upward movement. The rebound space is relatively limited.
Evening Recommendations
Bitcoin: During the rebound to the 88,800-89,300 range, consider entering in batches; if it breaks below 86,500, continue to watch for further declines toward 85,500.
Altcoin: During the rebound to the 2,990-3,030 range, consider entering in batches; if it breaks below 2,900, continue to watch for further declines toward 2,850.
Market conditions change rapidly. This article is time-sensitive. Friends who have already entered the market should follow real-time guidance.