12.12 Morning Analysis
The current market is in a phase of pressure relief and repair. Although the overall upward channel has been temporarily broken, bullish momentum continues to accumulate. From the four-hour level, the previous two bullish candles strongly surged, with the market breaking through the middle band of the Bollinger Bands from the lower band, testing the upper band before retreating under pressure. Currently, the adjustment is approaching its end, with the K-line quickly rebounding after probing the middle band, and the long lower shadow of the bottom indicates solid support below, providing momentum for subsequent rebounds. At the hourly level, all three bands of the Bollinger Bands are diverging upwards simultaneously, with the K-line driving the market to oscillate higher, showing a strong bullish trend and a clear upward rhythm.
Bitcoin: Go long around 91500, target 93500.
Ethereum: Go long around 3200, target 3300.
