Yueying: Bitcoin and Ethereum Market Analysis for December 18th - Extremely Weak Market with Potential for Rebound; CPI Boosts Bullish Counterattack? (Current Price Recommendation Included)

Bitcoin Technical Analysis — On the daily chart, Bitcoin's previous rebound was met with resistance, leading to another sharp drop and a bearish close. Intraday trading opened near the lower Bollinger Band, with the Bollinger Bands slightly widening and short-term moving averages turning downwards. The MACD fast and slow lines are flattening, with slightly increasing volume. The KDJ indicator is trending downwards but found support near the zero line and is turning upwards. The VR indicator is consolidating around 90. On the 4-hour chart, after encountering resistance and pulling back, the price found support near the lower Bollinger Band and rebounded with a small bullish candle. The Bollinger Bands are trending downwards and showing signs of narrowing, while short-term moving averages are turning upwards. The MACD fast and slow lines are crossing upwards, with slightly increasing volume. The KDJ indicator shows signs of turning upwards, and the VR indicator is consolidating around 70. Overall, the price broke out of its range and tested upwards but encountered resistance. Although the technical picture is currently weak, the probability of a rebound is high, especially with the CPI data release tonight. Therefore, the short-term focus is on a rebound, using the previous low as a guide. This is the recommended short-term trading strategy. Bitcoin Short-Term Trading Recommendation: Buy at the current price of 86350 (Take profits as needed if the strategy is activated). Ethereum Technical Analysis — Ethereum's daily and 4-hour technical charts are correlated with Bitcoin's, and the overall trend is similar. Although the overall trend is weak, short-term support is effective, suggesting a bullish counterattack. Today's article provides a current price recommendation, so I won't elaborate further. Let's look at the short-term recommendation directly. Ethereum Short-Term Trading Recommendation: Buy at the current price of 2820 (Take profits as needed if the strategy is activated). — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!