Crypto Ocean Surfing: 12.12 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Today's latest market analysis and insights

Crypto Ocean Surfing: 12.10 Bitcoin (BTC) Market Analysis Reference:
Early yesterday morning, Bitcoin's price attempted to rebound and push above the 94,000 resistance level but failed to break through; subsequently, the market quickly declined, once dropping below 90,000 USD, officially entering a correction and repair phase. As of now, the coin price is consolidating around 90,500. From the daily chart, the candlesticks are consecutively bearish, the Bollinger Bands are gradually converging, and the current price is near the midline. Facing pressure from EMA7 and EMA30, the DIF and DEA dual trend lines remain unchanged, while MACD continues to expand with a divergence from the trend. Overall, the current Bitcoin daily correction pressure has not been fully released, and attention should be paid to whether the 90,000 support holds and the effectiveness of the Bollinger Band midline. If this area is broken, there is a high probability of testing lower support levels.
From the short-term hourly chart perspective: On the four-hour chart, the market previously experienced a waterfall-like decline from the upper Bollinger Band, with the downward momentum weakening after reaching the lower band. Prices rebounded slightly, and the lower shadow of the bottom candlestick indicates strong support at the lower band; on the one-hour chart, the Bollinger Bands are gradually contracting, with the current price trading within the middle and upper bands. MACD has shifted from negative to positive, KDJ indicators are diverging upward, and DIF and DEA are crossing in the positive direction below the zero line, suggesting a short-term rebound trend. However, it should be noted that the rebound signals on the one-hour chart are still constrained by the larger correction background on the four-hour chart, and with Bollinger Bands contracting and strong moving average resistance above, insufficient rebound momentum may trigger a pullback. Therefore, blind long positions are not recommended.
Crypto Ocean Surfing: 12.12 Bitcoin Short-term Reference:
Long position: Buy in the 88,000-89,000 range, stop loss 500 points, target 90,000 - 91,000,
Short position: Sell in the 91,500-92,500 range, defend at 93,500, target 90,500 - 89,500,
Crypto Ocean Surfing: 12.12 Ethereum Short-term Reference:
Long position: Buy in the 3,050-3,100 range, stop loss 30 points, target 3,150-3,200,
Short position: Sell in the 3,260-3,300 range, defend at 3,400, target 3,200-3,100,
Timeliness of article distribution may be delayed. Personal opinions are for reference only. Do not operate blindly! I hope everyone, on their investment journey, can stay true to their principles regardless of market fluctuations, maintain rationality and composure. Seize opportunities, make each decision precisely, and ride the waves in the ocean of investment to harvest wealth and growth!!!)#BTC