December 16 Market Review

This article was written at 15:03. The multi-day rebound was liquidated in one wave, falling to around the weekly support level of 85500. As of now, Bitcoin's low is at 85088, and Ethereum's low is at 2871. What was initially a sideways trend saw a rapid drop last night, liquidating the market's long positions. Data shows that $400 million was liquidated in 4 hours. Click on the profile picture above to open my homepage and discuss market trends together. Short-term trading, control risk, and manage your own profits and losses.