12.20 Bitcoin Market Analysis Reference: Bitcoin continued its upward trend yesterday, with the price rebounding to around the 89370 level at the daily midpoint, facing resistance. The market retraced and entered a range-bound consolidation. The weakness at the daily level has not changed; the price is still operating below the midpoint without breaking through key resistance. A technical bullish signal appeared on the 4-hour chart: after forming a long lower shadow hammer on December 19 at 00:00, a series of bullish candles broke through the previous high, indicating short-term buying enthusiasm. However, the price is temporarily constrained around 88245 by the 88500 psychological level.

From the indicators, the 4-hour MACD formed a golden cross at 04:00 on December 19, with the histogram expanding to 591.7, indicating strengthening short-term bulls. Although the daily MACD remains in a bearish crossover, the green histogram has narrowed to -66.5. Regarding moving averages, the 4-hour EMA7 (87653.7) has crossed above the EMA30 (87627.8), forming a short-term golden cross support. However, on the daily chart, the price remains below all daily moving averages, with the EMA120 (101027.7) acting as a significant resistance above.

Overall, the market shows a short-term rebound and correction trend, but medium to long-term remains under pressure from the moving average system. Until the 90,000 level is broken and stabilized, the price will likely stay weak. Therefore, the recommended strategy is mainly to short on rebounds.

12.20 Bitcoin Short-term Trading Strategy Reference: Short entries at 88500-89500, with a stop at 92500, target below 87500; long entries at 84300-85300, with a stop at 500, target above 86500.

12.20 Ethereum Short-term Strategy Reference: Light short at 2995-3045, with a 30-point stop; target below 2950. Long entries at 2881-2831, with a 30-point stop; target above 2930.

The article delivery may be delayed. The strategy suggestions are for reference only. Market conditions change rapidly. Regardless of how confident you are in your market judgment, always set proper take-profit and stop-loss levels to secure profits.