12.5 Evening Bitcoin and Ethereum Market Analysis and Trading Suggestions

Today, Bitcoin rebounded during the day but faced pressure and fell back after failing to break through the 93000 level, currently oscillating around the price of 91100. Ethereum similarly rebounded and fell back after reaching a high point of 3191, now oscillating around 3120.

From the 4-hour chart, the market previously broke through the upper boundary of the triangle range, showing a series of upward movements. It was analyzed earlier that after breaking the triangle range, it would first test the upper boundary, but the sustainability of the rise is questionable. Currently, the market is in a state of oscillation and not a continuous one-sided rise, and the short-term pattern lacks further breakthrough momentum. However, the 4-hour chart shows that the market is temporarily in an ascending channel, still oscillating upward. The trend line support point is near the 89000 level, which is also the critical point for short-term rising. The bullish and bearish sides have entered a stage of differentiation, with short-term charts trending upward, but the weekly chart tends to adjust. Overall, the short-term within the day is expected to mainly show oscillation.

The trading suggestions are as follows:

• Bitcoin: You can go long around 91000 - 90800, targeting near 92500.

• Ethereum: You can go long around 3100 - 3080, targeting near 3200. $BTC $ETH #加密市场观察