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Mu Feng's Trend Analysis: Bitcoin/Ethereum Market Analysis and Trading Suggestions for the Evening of December 16th

2025-12-16 15:17:15
Shareshare
Bitcoin/Ethereum's daily chart shows a continued weakening trend with a KDJ death cross. The MACD has also shown a weakening crossover near the midline. The Bollinger Bands have broken below the middle band, and the lower band is now widening, indicating significant downside potential. On the 12-hour chart, the KDJ, MACD, and Bollinger Bands are showing a slight bearish convergence, all three indicators indicating a downward trend. Given the continued resistance from the 5-day and 10-day moving averages, a short-selling strategy is recommended. Specific entry points are as follows: BTC: Short at 87500-88000, target 85500; ETH: Short near 2960-2980, target 2860. These are my personal trading suggestions for tonight and are for reference only.
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