12.29 Bitcoin and Ethereum Morning Public Strategy
The daily chart remains in the lower half of the box range with continued pressure below the middle band. Short-term moving averages are intertwined and flat, with bulls and bears in stalemate. The 4-hour MACD indicator is below the zero line; although bearish momentum has weakened, EMA7 and EMA30 form a bearish alignment, indicating a weak market structure.
Bitcoin: Rebound around 89,500-90,000 to place buy orders, target 88,000-87,500
Ethereum: Rebound around 2,980-3,010 to place buy orders, target 2,900-2,870
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12.29 Bitcoin and Ethereum Morning Public Strategy
The daily chart remains in the lower half of the box range with continued pressure below the middle band. Short-term moving averages are intertwined and flat, with bulls and bears in stalemate. The 4-hour MACD indicator is below the zero line; although bearish momentum has weakened, EMA7 and EMA30 form a bearish alignment, indicating a weak market structure.
Bitcoin: Rebound around 89,500-90,000 to place buy orders, target 88,000-87,500
Ethereum: Rebound around 2,980-3,010 to place buy orders, target 2,900-2,870
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