On the afternoon of December 12, recommendations and direction for Bitcoin and Ethereum operations
From the previous market perspective, the 4-hour level shows that after a morning rise to a short-term high point, it faced pressure and briefly entered a correction phase. The current market is dominated by two consecutive bearish candles, and the market is currently running above the middle track, with the Bollinger Bands continuously moving upward. The middle track provides support and resistance against the upper track. From the 1-hour level, the current pattern shows a relatively strong oscillation, with a short-term trend leaning towards strength. The Bollinger Bands are expanding, and from the technical indicators
KDJ: The K line forms a golden cross shape below the D line, with the J value turning up from a low position, indicating strong desire for short-term rebound momentum.
RSI is in the neutral to strong range between 50-70, not entering the overbought zone, indicating that it is still in an upward space.
MACD: The fast and slow lines are located below the zero axis and are turning upwards, with values continuing to expand, and the volume bars are continuously increasing, suggesting that bullish momentum is still being released. The second contract moves in sync with the first contract, showing significant correlation. Overall, the short-term trend remains unchanged, thus the afternoon operation suggestion is to continue with the morning's strategy of making bullish trades during a correction. However, caution is needed for the risk of a downward spike, with a stop-loss set at the middle track around 91000.
The first contract can be bought around 92100 to 91500, with attention on 93500.
The second contract can be bought around 3230 to 3200, with attention on 3300.
