12.3 BTC/ETH Latest Analysis
Bitcoin recently rebounded quickly after touching a low of 83780, breaking through the previous range and forming a strong upward trend; the daily high has refreshed a short-term peak, and the bullish trend remains strong. The lower band of the Bollinger Bands has turned from a downward slope to an upward slope, showing an overall bullish characteristic with the Bollinger Bands expanding.
The 1-hour level has formed a bullish trend structure of "higher lows and higher highs", with small pullbacks and fast rebounds, indicating weak bearish pressure and a bullish dominance in the market. The MACD has shown a golden cross and continues to diverge upwards, with bullish momentum not yet exhausted.
BTC: Near 91800-92500, target upward to around 93100-94000
ETH: Near 2990-3020, target upward to around 3060-3100
