Hai Zhou Lang: 12.18 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights

Hai Zhou Lang: 12.18 Bitcoin (BTC) Market Analysis Reference:
Bitcoin continued its narrow-range correction during the yesterday's white session. In the evening, the price surged past 90,000 but quickly retraced to near the initial rally point, forming a typical long and short sweep pattern. As of now, the price hovers around 86,000, and the market has returned to the narrow fluctuation range of the white session.
On the daily chart, the candlestick closed bearish with a long upper shadow, indicating an upward push to the middle Bollinger Band followed by a rejection and a fall back toward the lower band. The EMA moving average system continues to expand, with EMA15 dropping to 89,500, exerting significant resistance on the current price. The bearish alignment of the moving averages remains unchanged. On the indicator side, MACD shows shrinking volume with the red histogram appearing initially, while the DIF and DEA lines are below zero and beginning to form a death cross. The KDJ indicator is also diverging downward, indicating a bearish overall trend. Key support at 85,000 should be closely monitored; as long as this level is not broken, there is still potential for short-term technical correction. If support is broken, a medium-term downtrend is highly likely to begin.
From the short-term hourly chart extending to the 4-hour level, candlesticks show an extremely long upper shadow, with the Bollinger Bands diverging downward in unison. After being pressured at the upper band, the price has been declining toward below the middle band, with strong resistance above. The indicators are similar to the daily chart, with bearish momentum gradually strengthening. Although the current market remains within a box range, the overall trend leans downward. Focus should be on the support strength at the lower boundary of the range; if support holds, a technical rebound may be triggered. Intraday trading suggests shorting on rebounds.
Hai Zhou Lang: 12.18 Short-term Bitcoin Reference:
Long positions: Buy in the 83500-84500 range, set stop-loss at 82500, target 85500 - 86500 - 87500
Short positions: Sell in the 87500-88500 range, set stop-loss at 89500, target 86500 - 85500 - 84500
Hai Zhou Lang: 12.18 Short-term Ethereum Reference:
Long positions: Buy in the 2730-2760 range, set stop-loss at 2630, target 2830-2950
Short positions: Sell in the 2930-2960 range, set stop-loss at 3050, target 2850-2750
The article may experience delays and is for timely reference only. These are personal opinions; do not operate blindly! I hope everyone can stick to their principles regardless of market fluctuations, stay rational and calm. Seize opportunities, make precise decisions, and ride the waves in the ocean of investment to harvest wealth and growth!!!)#BTC