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December 19 Afternoon Bitcoin and Ethereum Trading Suggestions and Direction Sharing
From the current market situation, the 1-hour timeframe shows a trend of oscillating upward. Since this morning, Bitcoin has rebounded from its low point, forming a V-shaped reversal. After breaking through the short-term moving average resistance, it is currently trading near 86,900, above the middle band of the Bollinger Bands. The current trading pattern is clearly dominated by the bulls. After a large bullish candle breakout, there has been a small bullish correction and consolidation. The bullish momentum to recover lost ground is being released. The fast and slow lines are below the zero axis and are extending upward, forming a golden cross below the zero axis, indicating that the upward trend will continue. Therefore, the afternoon trading strategy is to continue with the midday approach, mainly buying on dips.
For Bitcoin, consider buying near 87,500 to 87,000, with attention to 88,500.
For Ethereum, consider buying near 2,950 to 2,920, with attention to 3,020.