Riding the Waves of the Crypto Sea: 12.8 Latest Market Analysis and News Interpretation for Bitcoin (BTC) and Ethereum (ETH)

Riding the Waves of the Crypto Sea: 12.8 Bitcoin (BTC) Market Analysis Reference:

Last night, BTC's price action precisely matched expectations. During the retracement, the price quickly stabilized after a sharp dip to the 87,688 level, then launched a strong rebound, climbing all the way to the 91,300 area. It then consolidated to digest selling pressure, and is currently consolidating around 91,500. Reviewing the long position short-term strategy given in yesterday morning’s article, profits have already been secured.

From the daily chart perspective, this round of rebound has successfully broken above the midline of the Bollinger Bands. The price is now oscillating near 91,000, operating above EMA7 and EMA15. MACD continues to expand, KDJ indicator is contracting, and the J value is turning up, about to cross above the K and D values. The short-term trend is gradually shifting from weak consolidation to a recovery rebound. If the price can stabilize above the midline, it will most likely test the MA30 (93,600) resistance level.

Looking at the short-term hourly chart, on the 4-hour timeframe, the price is running above the MA5, MA10, and MA30 moving averages, but a clear bullish moving average alignment has not formed, indicating that support is not yet strong. However, the three KDJ values continue to diverge upward, MACD bearish volume is shrinking, histogram is turning from negative to positive, and the fast and slow lines are contracting below the zero axis. DIF is about to cross above DEA, with a golden cross looming. If the golden cross forms and volume follows through, a breakout above EMA30 (91,845) could see rebound momentum further extend. Conversely, if not, the price may once again test support at the lower band. For intraday operations, it is recommended to arrange high-sell and low-buy positions.

Riding the Waves of the Crypto Sea: 12.8 Bitcoin Short-Term Reference:
Long: 87,500-88,500 range, stop loss 500 points, target 89,000-90,000.
Short: 92,500-93,500 range, defend at 94,000, target 91,500-90,500.

Riding the Waves of the Crypto Sea: 12.8 Ethereum Short-Term Reference:
Long: 2,950-3,000 range, stop loss 30 points, target 3,050-3,150.
Short: 3,180-3,220 range, defend at 3,320, target 3,100-3,000.

There may be a delay in article delivery; the content is time-sensitive and represents personal views for reference only—do not operate blindly! I hope everyone can stick to their principles on the road to investment, stay rational and calm regardless of market changes, seize opportunities, make every decision just right, and ride the wind and waves in the sea of investment to reap both wealth and growth!!!