12.12 Cryptocurrency Market Bitcoin (BTC), Ethereum(ETH) Today's Latest Market Analysis and Insights

Market Waves: 12.10 Bitcoin (BTC)) Market Analysis Reference:
Early yesterday, Bitcoin's price attempted to rebound and broke above the 94,000 resistance level but failed to succeed; subsequently, the market quickly retreated, once dropping below $90,000, officially entering a correction phase. As of now, the price is consolidating around 90,500. From a daily chart perspective, the candlesticks have been consecutively bearish, Bollinger Bands are gradually converging, and the current price is near the middle band. Facing resistance at EMA7 and EMA30, the DIF and DEA dual-line trend remains unchanged, while MACD continues to expand, showing divergence with the trend. Overall, the current Bitcoin daily correction pressure has not been fully released. Future focus should be on whether it stabilizes above the 90,000 level and the effectiveness of the Bollinger Band middle band support. If this area is broken, there is a high probability of testing lower support levels.
From a short-term hourly chart perspective: Four-hour timeframe, the market previously experienced a waterfall decline from the upper Bollinger Band, with bearish momentum weakening after reaching the lower band. The price rebounded slightly, with the lower shadow of the bottom candlestick indicating strong support at the lower band; one-hour timeframe, Bollinger Bands are gradually contracting, and the current price is operating within the middle to upper band range. MACD has shifted from negative to positive, KDJ indicator is diverging upward, and DIF and DEA have formed a bullish crossover below the zero line, suggesting a short-term rebound and extension trend. However, it should be noted that the rebound signals on the one-hour chart are still limited by the broader four-hour correction context, and with Bollinger Bands contracting and strong moving average resistance above, insufficient rebound momentum may trigger a retreat. Therefore, blind chasing longs is not recommended.
Market Waves: 12.12 Bitcoin Short-Term Reference:
Long position: Buy in the 88000-89000 range, stop loss 500 points, target 90000-91000,
Short position: Sell in the 91500-92500 range, defend at 93500, target 90500-89500,
Market Waves: 12.12 Ethereum Short-Term Reference:
Long position: Buy in the 3050-3100 range, stop loss 30 points, target 3150-3200,
Short position: Sell in the 3260-3300 range, defend at 3400, target 3200-3100,
The delay in article distribution affects timeliness. Personal opinions are for reference only; do not operate blindly! I hope everyone remains principled on their investment journey, regardless of market fluctuations, maintaining rationality and calmness. Seize opportunities, make precise decisions each time, and navigate the ocean of investment to ride the waves and harvest wealth and growth!!!#BTC #ETH