12.11 Qin Feng's Midday Thoughts
The Bitcoin daily chart shows a bearish engulfing pattern, but the RSI remains neutral, with prices anchored to the middle Bollinger Band, making the trend direction unclear. Trading volume continues to shrink, and market momentum is weak, with significant characteristics of consolidation. Currently, there are no clear trend signals, and it is advisable to avoid chasing prices, focusing instead on support levels to accumulate long positions. A pullback presents a good opportunity to go long, with strict position management to align with the rhythm of the consolidating market.
Long Bitcoin in the 89000-90000 range, targeting around 90800-92000.
Long Ethereum in the 3150-3180 range, targeting around 3220-3250, with a breakthrough looking towards 3300#加密市场反弹 .
The Bitcoin daily chart shows a bearish engulfing pattern, but the RSI remains neutral, with prices anchored to the middle Bollinger Band, making the trend direction unclear. Trading volume continues to shrink, and market momentum is weak, with significant characteristics of consolidation. Currently, there are no clear trend signals, and it is advisable to avoid chasing prices, focusing instead on support levels to accumulate long positions. A pullback presents a good opportunity to go long, with strict position management to align with the rhythm of the consolidating market.
Long Bitcoin in the 89000-90000 range, targeting around 90800-92000.
Long Ethereum in the 3150-3180 range, targeting around 3220-3250, with a breakthrough looking towards 3300#加密市场反弹 .
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BTC
90,200
-1.75%
ETH
3,076.38
-4.51%
