12.4 Bitcoin market analysis reference

Bitcoin continued its upward trend yesterday, stabilizing as expected above the 90,000 area. Currently, it has reached the high near 94,180 and is under pressure, with the market entering a high-level consolidation. In the short term, the daily chart shows an upward trend, and the price has stabilized at the daily mid-track. As long as it does not fall below the 90,000 line during intraday trading, the expected increase will continue. From the short-term 4-hour chart, the recent K-lines have shown a pattern of high-level fluctuations, with prices repeatedly oscillating between 93,000 and 94,000. The current closing price of 93,904.99 is close to yesterday's high of 93,912.21, and there is some selling pressure above, which has not yet formed an effective breakthrough.

In terms of technical indicators, the MACD's DIF line is above the DEA line and has just begun to expand, indicating there is still room for short-term increases, but the selling pressure above is heavy, and caution should be exercised for potential risks of a pullback. In terms of moving averages, the EMA7 (92,762.24) and EMA30 (90,565.23) are maintaining an upward trend, providing recent support, while EMA120 (92,010.92) is also steadily moving upwards, offering a support foundation for the medium to long-term trend. It is recommended to focus on pullback buying, with support around the 90,000 area.

12.4 Bitcoin short-term trading strategy reference:

Sell point 94,300-95,300 with a stop loss at 97,500 and a target below 93,300,

Buy point 90,300-91,300 with a stop loss at 500 and a target above 88,500,

12.4 Ethereum short-term strategy reference:

Sell point 3,265-3,315 lightly with a stop loss of 30 points and a target below 3,160,

Buy point 2,981-3,031 with a stop loss of 30 points and a target above 3,100,

The article may be delayed in sending, and the strategy suggestions are for reference only. The market changes rapidly; no matter how high the judgment and grasp of the market is, always ensure to set take-profit and stop-loss orders, locking in profits for safety, #BTC #ETH #BTC🔥🔥🔥🔥🔥 #ETH（二饼）