12.9 Afternoon Bitcoin and Ethereum Trading Suggestions and Direction Sharing

From the current market observation, the 4-hour level shows a fluctuating convergence pattern, with the Bollinger Bands remaining flat. Prices are consolidating in a narrow range around 89000-90500, and a clear one-sided breakout has not yet formed. The K-line body is mostly concentrated between the middle and upper bands, with frequent upper shadows indicating strong selling pressure in the 91000-91500 area, while the 88500-89000 range forms a key support zone. This position has validated its support effectiveness multiple times, becoming a watershed for bulls and bears. The 1-hour level shows that the market has entered a consolidation phase, with prices running close to the lower middle band, and the Bollinger Bands show signs of narrowing. The K-line shows a stepwise downward trend accompanied by long lower shadows, reflecting that bulls still have a willingness to resist at key levels, but overall volume is insufficient. The MACD indicator is converging near the zero axis, and the RSI is in a neutral zone, indicating a temporary balance of bullish and bearish forces. There are signs of downward development in the Bollinger Bands, with a stepwise series of bearish corrections accompanied by upper shadow lines, indicating that short-term bulls have a desire to rebound, but due to excessive pressure, they lack the ability to reverse. Therefore, the afternoon trading suggestion is still to wait for a pullback to gather strength before re-entering long positions.

In the afternoon, Bitcoin can be bought around 89500 to 89000, with attention on 92500.

For Ethereum, it can be bought around 3100 to 3070, with attention on 3200$BTC $ETH #比特币 #以太坊 .