December 16th Midnight Bitcoin and Ethereum Trading Suggestions and Direction Sharing

From the current market situation, the 4-hour timeframe shows that after two consecutive bullish recoveries, Bitcoin is facing strong resistance above 87,700. A slow correction is occurring, and it is currently oscillating around the 86,400 level. The Bollinger Bands are opening downward, with short-term support at 86,000. Bitcoin is currently in an upward trend around this support level. On the 1-hour chart, the market shows a slightly strong oscillation, with Bollinger Bands narrowing indicating reduced short-term volatility. Technical indicators show that KDJ has formed a golden cross and is above 50, RSI is around 48.9, neutral but slightly bullish, and MACD is a golden cross below zero but with weak momentum. Caution is advised for a potential pullback after a rally. Overall, the market remains in a range-bound correction. Therefore, in the short term, if the market continues to oscillate, the strategy should focus on buying low and selling high.
For Bitcoin, consider buying near 86,500 to 86,000, watch for 88,500
For Ethereum, consider buying near 2,920 to 2,890, watch for 3,000
If Bitcoin does not stabilize in the 88,000 to 88,500 range, and Ethereum does not stabilize in the 2,970 to 3,000 range, then consider entering on a high position. #BTC #ETH