"12.18 Market Analysis: Sharp Rise and Fall, Rebound Testing the Bearish Candle is Necessary"

Yesterday's market was very exciting. Our support at 86,200 was held, and the expected profit-taking level above 90,000 has also been reached. However, most people guessed the beginning but not the ending, and the market directly fell back to the starting point. This left a large bearish candle on the 1-hour chart. In previous similar situations, this kind of candle often requires testing again. On our daily indicators, it is still clear that the manipulative players are actively controlling the market, so testing this bearish candle during the rebound is necessary.

$BTC Bitcoin needs to watch whether it will rebound again to 88,400, to test the resistance level of the previous hourly bearish candle. If 88,400 cannot be effectively retested, the next target is at least 89,600. Support levels below Bitcoin are at 84,300 and 83,500. If it drops again, pay attention to these support levels as potential points to gain liquidity.

$SOL Solana has completely gone crazy. In the short term, watch whether the 125 level will switch between support and resistance. The next resistance is at 129. Support levels are at 119.5 and 117. If it comes down again, these are also potential points to gain liquidity.

$ETH Ethereum reached the support level of 2795 given yesterday. Currently, it needs to see if the resistance at 2910 can be broken again. Support levels below are at 2715. Ethereum's recent market behavior has been quite frustrating, so it might be better to pay less attention for now.

In summary, yesterday's erratic market left the hidden risk of this large bearish candle on the 1-hour chart. There is a short-term need to test higher again. At key levels, at least watch for potential exits. Until the previous issues are fully resolved, repeated oscillations will be quite draining. The rebound on the daily chart can only be waited out. If you don't understand the market or can't grasp the direction, welcome to join the Chief Analyst. Click to join the Chief Analyst community (Follow the Chief Analyst for daily market analysis and precise entry points. Long and short positions are for reference only. Strict stop-loss and take-profit are recommended.