12.8 Monday Morning BTC/ETH Analysis

Hello everyone, I am Meng An. Bitcoin surged by 4000 points last night, breaking through the 90000 mark! The 4-hour chart shows that the price has risen above the middle band of the Bollinger Bands and is moving towards the upper band. Although it encountered resistance and retraced near 91700, the overall upward trend remains solid. It is recommended to set up long positions after a pullback.

Trading Analysis:

Place long positions in the Bitcoin range of 90200-90700, with a target near 93600.

Place long positions in the Ethereum range of 3060-3080, with a target near 3220.

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