12.18 Qin Feng Morning Analysis

Yesterday early morning, the price of the currency followed Bitcoin to rebound after hitting a low. After rising from 2882 to 3030, it fell back, touched a low of 2789, and then stabilized and rebounded, currently oscillating around 2840. From a technical perspective, after the price dipped, it found support, and the three lines of the Bollinger Bands show signs of flattening, with the downward momentum slowing; the MACD red bars are shrinking but have not further exhausted, indicating weakening bearish momentum; a golden cross has formed in the oversold area of the KDJ, and the rebound strength is gradually accumulating. In terms of operations, it is recommended to focus on low buy positions during pullbacks, relying on support levels to set up long positions.

For Bitcoin, buy in the range of 85500-86500, with a target near 87500-89000.

For Ethereum, buy in the range of 2780-2830, with a target near 2850-2880 #加密市场观察