Market analysis on the morning of 12.1 for #BTC


1. Core Judgment of Market Trends
1. Technical Signals: The bearish trend of Bitcoin on the hourly chart is clear (bearish alignment of moving averages, breaking the middle band of the Bollinger Bands). Ethereum has broken below the 2900 support level with increased trading volume, solidifying the bearish pattern. However, the release of bearish momentum is nearing its end, and the best time to enter a short position has passed.
2. The overall direction remains unchanged: after a period of consolidation, the long-term target for Bitcoin is still anchored at 97,000.
2. Key Strategies for Intraday Trading
• Core idea: Do not blindly short, focus on "low long positions after stabilization", and wait for stabilization signals.
• Bitcoin operation: Stabilize and go long in the 86000-87000 range, with a short-term target of 90000.
• Ethereum operation: Stabilize around 2800 to go long, target 2950-3100.
3. Key Reminders
A sharp drop in the early trading session on Monday is likely to lure in short sellers, so be cautious! Do not go against the trend; patiently wait for the right opportunity to enter.
BTC-2.83%
ETH-4.31%
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LoveMakesTheLegsWeak.vip
· 12-01 07:18
https://gate.onelink.me/Hls0/post?post_id=16331638&tim=ARAbClhcBQNwWRIVGAoGBB5QX1sO0O0O&ref=VLVDXVTXUQ&ref_type=105
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