Bihai Zhulang: 12.6 Cryptocurrency Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis Reference, News Interpretation, and Trading Suggestions

Bihai Zhulang: 12.6 Bitcoin (BTC) Market Analysis Reference:
This Bitcoin pullback was somewhat beyond expectations, with a 24-hour drop of 4.61%. After facing resistance in the 92,700 zone, the price continued to fluctuate downward, dipping as low as the 88,050 level before rebounding. As of 5:50 AM today, the price is consolidating narrowly around 89,300. From the daily chart, the EMA indicators are generally in a contraction phase, with EMA15 sideways around 91,000 for a long time. The current price is oscillating near 89,500, having broken below all EMA lines. The daily MACD continues to increase, but the price has retreated from highs, showing divergence. The KDJ indicator is contracting, with signs of a potential death cross. Overall, the trend is bearish. If the price fails to hold the “middle band area” (core support of the previous upward channel), the market is likely to explore lower prices!

From a short-term perspective on the hourly chart, the 4-hour candles have formed four consecutive bearish candles breaking below the lower Bollinger Band. The MACD fast and slow lines have formed a death cross at the top and are diverging downward toward the zero axis, with continued red volume expansion. The 4-hour EMA lines are in a bearish alignment. The three KDJ lines are gradually contracting, with current K value at 27, D value at 33, and J value at 15. The J line has entered the oversold area but shows signs of turning up, indicating a probable weak corrective rebound in the short term, though the overall bearish structure remains intact. Intraday trading is recommended to focus on selling on rebounds.

Bihai Zhulang: 12.6 Bitcoin Short-term Reference:
Long: 85,000-96,000 range long; stop at 84,000; target 87,000-88,000
Short: 91,000-92,000 range short; stop at 93,000; target 90,000-89,000

Bihai Zhulang: 12.6 Ethereum Short-term Reference:
Long: 2,900-2,950 range long; stop at 2,800; target 3,000-3,100
Short: 3,120-3,150 range short; stop at 3,250; target 3,100-3,050

There may be a delay in article delivery and timeliness. Personal opinions are for reference only. Do not operate blindly! I hope that on your investment journey, no matter how the market changes, you can stick to your principles, remain rational and calm, seize opportunities, make every decision just right, and ride the waves in the sea of investment, gaining both wealth and growth!!!#BTC #ETH #SOL