Liangqiu: 12.8 Bitcoin/Ethereum fluctuates back and forth, what is the main intention?
Bitcoin and Ethereum successfully built up long positions yesterday, gaining a decent range from 3040 shorts to 2910, and from above 3130 in the early morning to around 3010, giving a good range. Currently, both show a trend of rebound after hitting a bottom, with macro factors like the Federal Reserve's interest rate cut expectations influencing the fierce tug-of-war between bulls and bears. Bitcoin's price trend is highly volatile, rebounding to 91720 after hitting a bottom of 87688 overnight, then falling back and oscillating above 90000. From a technical perspective, the daily MACD is expanding upward, indicating a bullish trend, with the EMA30 resistance at 93600, and the upper Bollinger Band focusing on 94500; the four-hour MACD is about to end its contraction, and after breaking 92000, the DIF and DEA are expected to form a golden cross. The current core fluctuation range is between 87000 and 92000, with strong buying support in the 87500 to 88000 region, and 92600 above is a key breakout point, which may continue the upward trend after breaking.
Ethereum simultaneously plays out a rebound after hitting a bottom, with a minimum touching near 2910, then a V-shaped rebound to around 3160, an increase of over 8%. Currently, after a pullback, it has rebounded again to around 3130 for consolidation. The technical aspect shows that the daily MACD bullish momentum has somewhat diminished, and the four-hour line had previously shown an inducement for shorts; resistance above focuses on around 3180 to 3200, with further resistance at 3250; the core support below is the psychological level of 3000, and 2900 to 2950 is an important bullish defense line, where the effectiveness of this support will determine the subsequent direction of bulls and bears.
Operational suggestions: Short Bitcoin around 91600 to 92000, target near 89500; short Ethereum around 3140 to 3160, target near 3060, nephew 93300 and 3220.
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