Xiang Li: December 14th, early morning Bitcoin and altcoin trading analysis

Yesterday, the market experienced little fluctuation, with overall trading activity remaining light, and the market showing a sideways consolidation and recovery phase. Currently, Bitcoin is correcting around the 90,000 level; altcoins are hovering near 3100. So far, the trend direction remains unclear.
From the four-hour chart, it appears that Brother Qie is steadily operating within a downward channel, with the three-line band moving in sync downward, and the bearish opening shape remaining intact, laying the foundation for further decline. The RSI indicator oscillates between 30-50, indicating that the bullish momentum has not yet fully exhausted. On the hourly chart, the MACD lines are below the zero line in a weak zone, moving closer to the zero line, with a bullish crossover formed underwater, suggesting that buying momentum still exists in the market. Meanwhile, the KDJ indicator's J line has already entered the oversold area, indicating a short-term momentum exhaustion, a technical correction may be needed, and a rebound is possible.
The larger cycle leans bearish, while the smaller cycle shows potential for a rebound, coupled with low trading volume over the weekend, which collectively contribute to the current unclear trend and uncertain market direction. After the rapid decline and positive news from all sides, the early morning trading strategy is to buy on dips.
Bitcoin can be bought in the range of 89500-90000, with targets at 91000, 93000, and around 94500.
Altcoins can be bought in the range of 3070-3100, with targets at 3170, 3360, and around 3450.
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