12.16 Midday Bitcoin and Ethereum Trading Suggestions and Direction Sharing
In the crypto world, the most valuable thing is not a crystal ball predicting the future, but the thinking leverage that can quickly grasp new support points when facing change. In the early morning, Bitcoin broke down from the 89300 level and strongly retreated to around 85000, with a decline of over 4300 points in the range. After we reversed and exited the short position, Bitcoin showed strength again, and we re-entered a long position. Bitcoin was suggested to buy around 87100, and Ethereum around 3000, with a prompt to exit both positions when the price reached our exit points. When the decline reached our exit levels, we decisively exited. Bitcoin gained over 2000 points, and Ethereum gained over 112 points. Facing a strong trend reversal, being wrong in the opposite direction is not important; the key is not to hold on stubbornly. Adjust your thinking with the market, adapt to changes—those who are flexible eat well, those who are rigid eat dirt.
From the current market, the four-hour chart shows a classic two-downward candles followed by a bullish reversal pattern. The center of gravity along the support level is gradually moving upward, with volume showing typical accumulation characteristics. The entry signals are clear, with MACD below the zero line, no golden cross yet, and red volume bars continuing to grow. The fast and slow lines are moving downward, but the bulls’ desire to rebound is evident. The medium to long-term upward trend is clear. On the one-hour chart, after the early morning dip and bottoming out, the market shows alternating small bearish and bullish candles, indicating a sideways oscillation with a slight upward bias. In the short term, the market is entering a consolidation phase. Although the fluctuation range is narrowing, the structure remains steadily upward, with limited pullback strength. The bullish momentum has not diminished, so Zhao’s midday trading advice remains to focus on low buy positions.
Buy around 86000-85500 for Bitcoin, watch for 87500 and Ethereum around 2950-2920 to buy, and pay attention to 3050.