Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

12.16 Bitcoin Market Analysis Reference

The price of Bitcoin has once again dipped as expected, with bearish sentiment gradually strengthening, and the intraday trend is under pressure and has retreated again. The lower space in the short cycle has been reopened, with prices continuously retracing in the evening, and bearish sentiment is gradually strengthening. The downward trend continues, with lows approaching the 85000 line, but it has not broken down. Be cautious of price breaking down further, falling below the 85000 line.

From a daily perspective, after a three-day consecutive decline, yesterday's large bearish candlestick has pierced the 88000 support level, testing a low of 85073 before closing at 85576, indicating that although bears dominate the market, there is significant support below. The 4-hour level shows consecutive bearish candlesticks, with the latest K-line dipping to the 85000 round number before rebounding and forming a long lower shadow structure. The previous high of 87189 has become a key resistance level.

In terms of technical indicators, the 4-hour MACD's DIF and DEA continue to diverge below the zero axis, with the histogram expanding to -755, indicating enhanced bearish momentum; the daily MACD's death cross has also seen the fast and slow lines opening wider. In terms of the moving average system, the price has fallen below all EMA moving averages (7/30/120), with the 4-hour EMA7 (87477) and EMA30 (89423) forming a weak trend, and the current price is still nearly 2000 points away from EMA7. It is recommended to focus on short positions during rebounds, with resistance above around the 89200 position and support below at the 85000 line.

12.16 Bitcoin Short-term Trading Strategy Reference:

Short entry point 89300-90300, stop loss at 92500, target below 88500,

Long entry point 82300-83300, stop loss at 500, target above 85500,

12.16 Ethereum Short-term Strategy Reference:

Short entry point 3095-3145, stop loss at 30 points, target below 3050,

Long entry point 2881-2831, stop loss at 30 points, target above 2980,

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set stop-loss and take-profit levels to secure your gains.

For more real-time trading strategies and online technical learning, you can follow the mentor's public account (Mr. Coin Talks About Coins) to get the addition method: the first ten each day can receive free strategies for getting out of positions.

For more real-time trades, you can follow the public account (Mr. Coin Talks About Coins) to access online market technical learning, getting out of positions, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study and learn together.

Exclusive views, articles may be delayed in sending, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together and cheering each other on. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin from the cryptocurrency circle, refusing to plagiarize and respecting originality!

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