【Today's Market Analysis - 12.7】
For technical analysis learning only, not investment advice, profits and losses are at your own risk.
1. Market Overview
Market Atmosphere: Currently overall a neutral oscillation pattern, with heat concentrated in mainstream coins, ample liquidity, but significant short-term divergence between bulls and bears.
Hot News:
Bitcoin has dropped to the critical $89,000 range, with a heightened atmosphere of market observation. Mainstream ETF inflows have slowed, with some funds flowing towards Ethereum and other varieties.
Ethereum, influenced by the Fulu-Osaka upgrade and major institutional accumulation, has seen $3,000 become an important support level.
Future Market Expectations: Attention needs to be paid to short-term fluctuations in global risk assets and related policy guidance from the Federal Reserve, which will increasingly affect the prices of mainstream coins.
2. BTC Market Analysis and Trading Suggestions
Latest Spot Price: 89,447 USDT
High concentration of chips, the main bulls still hold a controlling position.
The struggle between bulls and bears is becoming intense, with a neutral to bullish performance.
Intraday Trading Opportunities:
Buying on Dips: 88,500 ~ 89,200 USDT, gradually testing long positions with light positions, stop loss at 87,800, focus on rebound targets of 90,800 ~ 91,900 USDT.
Shorting at Highs: 91,500 ~ 92,300 USDT, if encountering resistance at high levels, a light short position can be attempted, stop loss at 92,800, with a pullback target of 90,000.
Suitable for quick in-and-out trades, cautious of chasing highs, mainly participate in swings.
3. ETH Market Analysis and Trading Suggestions
Latest Spot Price: 3,046.5 USDT
Main control enhanced, external whale positions have decreased in the short term.
Market sentiment is neutral, with bullish strength slightly dominant, on-chain chips stable.
Intraday Trading Opportunities:
Buying on Dips: 3,010 ~ 3,020 USDT, gradually testing long positions with light positions, stop loss at 2,970, looking for a rebound at 3,120 ~ 3,180 USDT.
Shorting at Highs: 3,150 ~ 3,190 USDT, if encountering resistance in the high region, a light short position can be attempted, stop loss at 3,230, target for pullback at 3,070.
Mainly swing trading, but also need to guard against sudden capital movements and rapid fluctuations linked to mainstream coins.
4. Friendly Reminder and Exploration Direction
Currently a bullish oscillation market, it is recommended to trade with light positions, buying high and selling low, strictly avoiding heavy positions chasing up and down, and enforcing stop losses.
