12.6 Bitcoin Market Analysis Reference

The Bitcoin market yesterday saw a surge followed by a correction, and it has now broken below the 90,000 mark, with the lows approaching the 88,000 line. However, compared to yesterday's market, the trend has shifted from strong to weak, so we must be cautious of further declines. The focus should be on the prior low support levels. If it does not break below, the market remains in a broad range, and a rebound is expected. Conversely, if it breaks down, the price may continue to test lower levels, so all coin friends should be prepared.

From a technical perspective, the 2-hour level shows a continuous decline with bearish candles, with the price dropping from 92,692 to around 88,000 and forming a descending channel. Although a long lower shadow appeared last night (low of 87,974), indicating short-term buying support, the overall trend is still constrained by the 7-day and 30-day moving averages (at 89,686 and 90,813, respectively). On the daily chart, a significant bearish candle was formed on December 5 (closing at 89,330), creating a bearish engulfing pattern with the previous trading day; meanwhile, the MACD indicator at the 2-hour level shows that the gap between the DIF and DEA continues to widen below the zero line (-690/-522). The daily histogram remains negative (-1,643), indicating weakness. The EMA moving average system shows that the price is constrained by the 120-day moving average (90,551) at the 2-hour level, and the daily EMA7 (90,325) has crossed downwards against the EMA30 (93,810), indicating an overall weak trend. The upcoming focus should be on the resistance at the 90,000 mark; if the rebound does not break through this area, the price is expected to retract to lower support. Therefore, it is not advisable for everyone to blindly chase after price increases. The intraday market has shifted from strong to weak, so the short-term operational strategy suggests focusing on short positions.

12.6 Bitcoin Short-Term Operational Strategy Reference:

Lower test entry point 90,300-91,300 short, stop loss at 93,500, target 89,500 below,

Upper test entry point 87,300-88,300 long, stop loss at 500, target 89,300 above,

12.6 Ethereum Short-Term Strategy Reference:

Lower test 3,065-3,115 light short, stop loss at 30 points, target below 3,020,

Upper test entry point 2,981-2,931 long, stop loss at 30 points, target above 3,020,

There may be delays in sending the article. The strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the judgment of the market is, always ensure to manage profits and losses effectively. Secure profits, #BTC #ETH #ETH🔥🔥🔥🔥🔥🔥