12.8 Bitcoin Market Analysis Reference

The Bitcoin market reversed direction in the evening session, breaking upwards. In a short time, the intraday increase was nearly 4000 points, breaking through the resistance around 90,000. Bullish sentiment is beginning to warm up. The intraday trend has broken the previous weak oscillation rhythm, and the current price is operating above the 90,000 area. If it can stabilize above 90,000, the intraday increase is expected to continue. Cautious traders can wait to seize a short-term long position in a stable manner.

From the daily chart perspective, the trend shows a bullish red closing, with the price rebounding and breaking through the daily mid-axis resistance. It continues to rise, currently above the five-day moving average. There has been a small upward pull but no further breakthrough. The upper space has not opened further, with the price facing resistance around 91,300, resulting in a slight correction. This indicates that there is still strong selling pressure in this area. If there is another rebound, there is still a risk of a pullback. Be cautious of the market being pressured and returning to the support position. Although a strong rebound has occurred, the short-term volatility is large, and it has not stabilized at 90,000. The market remains stuck between long and short positions, oscillating around 90,000. Operationally, it is recommended to short high and long low.

12.8 Bitcoin short-term trading strategy reference:

Short entry point 92,300-93,300, stop loss 95,500, target below 901,500,

Long entry point 87,300-88,300, stop loss 500, target above 89,300,

12.8 Ethereum short-term strategy reference:

Short entry point 3,185-3,125, stop loss 30 points, target below 3,080,

Long entry point 2,981-2,931, stop loss 30 points, target above 3,020,

Article sending may have delays; the strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the market judgment is, it is essential to manage take profit and stop loss effectively. Secure profits, #BTC #ETH #ETH🔥🔥🔥🔥🔥🔥 #ETH（二饼）