Riding the Crypto Waves: 12.7 Latest Market Analysis and Insights for Bitcoin (BTC) and Ethereum (ETH)

Riding the Crypto Waves: 12.7 Bitcoin (BTC)) Market Analysis Reference:
Due to reduced market liquidity over the weekend, Bitcoin price fluctuations have been relatively limited, with the market showing a sideways consolidation trend throughout the day. On the daily chart, there have been multiple long lower shadows on the recent candlesticks, indicating some short-term support at lower levels. The current price is still moving near the middle Bollinger Band and remains under pressure below the EMA lines for all timeframes, with no effective breakout achieved. Key technical indicators such as MACD and KDJ have not shown any valid signals of a bottom or trend reversal. Bullish momentum continues to weaken, the rebound space is significantly compressed, and the overall trend leans bearish.

On the short-term hourly chart, the 4-hour Bollinger Bands are opening downward, and the market remains weak and fluctuating within a low range. The moving average system still displays a weak pattern, and price suppression has not been substantially eased. In the MACD indicator, the fast and slow lines have crossed below the zero axis. The KDJ indicator is contracting and nearly converging, sitting in a neutral to slightly low range, suggesting overall weak fluctuations. As we are in the weekend phase, there's no need to elaborate further. In the short term, the market is expected to continue its consolidation and recovery rhythm, but the probability of further downside is relatively higher. For today's session, it's recommended to focus on a high-sell, low-buy strategy.

Riding the Crypto Waves: 12.7 Bitcoin Short-Term Reference:
Longs: Buy in the 87500-88500 range, stop loss 500 points, target 89000-90000.
Shorts: Sell in the 90500-91500 range, defend at 93000, target 89000-88000.

Riding the Crypto Waves: 12.7 Ethereum Short-Term Reference:
Longs: Buy in the 2970-3000 range, stop loss 30 points, target 3050-3100.
Shorts: Sell in the 3090-3120 range, defend at 3220, target 3000-2900.

There may be a delay in the article, and it is time-sensitive. The above are personal views for reference only. Do not trade blindly! I hope everyone can stick to their principles on their investment journey, remain rational and calm no matter how the market changes, seize opportunities, make every decision just right, and ride the waves in the investment ocean to achieve both wealth and growth!!!#BTC #ETH #SOL