On the morning of the 12th, recommendations and direction for Bitcoin and Ethereum operations

From the current market perspective, at the 4-hour level, the price is in a continuous downward trend. In the evening, a strong buying intervention occurred, pulling back to around 87688. Currently, the candlestick shows a longer lower shadow, and after a quick dip, it rebounded and stretched, testing the stability of the lower support. The Bollinger Bands show signs of convergence, and all three bands are continuing to decline. The short-term trend remains unchanged and may continue the buying trend. Looking at the 1-hour level, the Bollinger Bands show signs of expansion, with the three bands slightly turning upwards. After breaking below the lower band, the price quickly rebounded to around 88970. The balance of power in the short-term trading game shows equilibrium. Although the short-term moving average and technical indicators lean towards the sellers, after the dip, the bulls can quickly recover and stabilize above, indicating solid support below for the short term. So what are the operation suggestions for midnight? We still maintain a bullish outlook. After breaking through the 90000 level and stabilizing, we will continue to buy oranges. If you can't hold back, you can also take the opportunity to buy oranges on the rise, just remember to set a stop-loss, $BTC $ETH #比特币 #以太坊