Hai Zhou Lang: 12.29 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights

Hai Zhou Lang: 12.29 Bitcoin (BTC) Market Analysis Reference:
Bitcoin experienced a rebound and surge in the early hours of the day, with the price testing previous strong resistance levels. Currently trading near the 90,000 mark. From the daily chart perspective, recent daily K-lines show consecutive small positive candles, indicating a weak rebound. However, the Bollinger Bands are generally narrowing, and the current price has strongly broken through the middle band resistance and is above the EMA30. The MACD main line remains below zero, with a slight increase in the histogram, and the KDJ indicator shows a golden cross divergence, reinforcing the short-term rebound trend. However, there is significant selling pressure near the upper Bollinger Band, and it is important to note the proximity to the high resistance level of 90,500 USD tested on December 22. The risk of selling pressure remains, and caution is advised regarding insufficient volume leading to a pullback after a rise.
From the short-term hourly chart, the 4-hour Bollinger Bands are opening up. The price has made two consecutive bullish candles, strongly breaking above the upper Bollinger Band and standing above all moving averages. The moving average system is in a bullish arrangement, with increasing MACD volume, and the fast and slow lines crossing above zero. The KDJ indicator is diverging upward. The bullish momentum continues to be released, and the short-term trend has shifted from consolidation to a clear strengthening signal. Future focus should be on the continuation of volume; a lack of volume could easily lead to a phase of correction after a rally. If the price can hold above the upper band, further upward space may open. However, the daily Bollinger upper band faces significant resistance, likely suppressing short-term rebounds, so blindly chasing longs is not recommended.
Hai Zhou Lang: 12.29 Short-term Bitcoin Reference:
Long position: Buy in the 87500-88500 range, stop-loss at 86500, target 89500-90500.
Short position: Sell in the 91000-92000 range, stop-loss at 93000, target 89500-88500.
Hai Zhou Lang: 12.29 Ethereum Short-term Reference:
Long position: Buy in the 2900-2950 range, stop-loss at 2850, target 3000-3050.
Short position: Sell in the 3050-3100 range, stop-loss at 3200, target 3000-2950.
Timeliness of article delivery may vary; these are personal opinions for reference only. Do not operate blindly! I hope everyone can adhere to their principles regardless of market fluctuations, stay rational and calm. Seize opportunities, make precise decisions, and navigate the ocean of investment to harvest wealth and growth!!!)#BTC