12.16 When will the Bitcoin fluctuations end? The market change is about to begin!
Bitcoin continued its price downtrend after breaking below the ascending triangle support, testing that support this morning, holding firm and effectively rebounding. The evening market is facing pressure again and has retreated, with the support now lowered to around 85000 and resistance still around 95000.
Ethereum's parallel resistance remains at 3650, with the short-term ascending channel trend support broken. The strongest support below is around the neckline of 2950, while minor resistance is around 3350.
Operation suggestions:
BTC 85500-86000 go long, target looking at 90000 - 94000, defense at 85000
ETH 2910-2950 go long, target looking at 3250 - 3350, defense at 3050
BTCUSDT
Perp
87,616.2
+2.04%
ETHUSDT
Perp
2,949.75
+0.66%