12.12 Bitcoin Market Analysis Reference
Bitcoin's intraday price has once again retraced, maintaining a weak oscillation in the short-term trend. The previous gains are being given back, but the key support level of 89000 has not been broken. The short-term oscillation pattern will not change. On the daily chart, the trend is operating in the middle track area, and the market has entered a consolidation phase. However, the key support in the middle track has not been breached, and the short-term trend is in a consolidation.
The 4-hour level shows a long lower shadow hammer candlestick, with strong support around 89000. However, the daily chart has shown three consecutive bearish candles, forming a descending three-method pattern. In terms of technical indicators, the MACD is below the zero line on both the 4-hour and daily levels, with the fast and slow lines in a death cross state and the histogram continuing to expand. Additionally, the price has fallen below the 7, 30, and 120-period EMA moving averages, with multiple moving averages in a bearish arrangement. In the future, pay close attention to the support around 88800. It is not recommended to pursue short positions before breaking that level; we suggest taking high short and low long positions. The upper resistance is focused on the 92000-92500 area, while the lower support is focused on 88500-89000.
12.12 Bitcoin short-term trading strategy reference:
Lower test entry point 92300-9300 short, stop loss at 95500, target below 91500,
Upper test entry point 88300-87300 long, stop loss 500, target above 89500,
12.12 Ethereum short-term strategy reference:
Lower test 3295-3245 light short, stop loss 30 points, target below 3190,
Upper test entry point 3081-3031 long, stop loss 30 points, target above 3180,
The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly; no matter how high your judgment of the market is, you must manage your take profit and stop loss, securing your gains, #BTC #ETH #ETH（二饼）
