12.8 Bitcoin Market Analysis Reference

Bitcoin’s market saw a reversal to the upside during the evening session, with an intraday increase of nearly 4,000 points, breaking through the 90,000 threshold. Bullish sentiment has started to recover and heat up. The current trend has broken the previous weak consolidation rhythm, and the price is now operating above the 90,000 region. If it can stabilize above 90,000, the intraday gains are expected to continue. Conservative traders can wait for a stable trend to grasp a short-term long opportunity.

On the daily chart, the trend closed with a bullish candle, with the price rebounding and breaking through the daily midline resistance and continuing upward. The price is above the 5-day moving average, showing a short-term breakout and a small rise, but it has not made a further breakthrough. The upside space has not been further opened; the price faced resistance at the 91,300 level and underwent a slight pullback. This shows that there is still strong selling pressure in this region. If the price rebounds to this level again, there is still a risk of a pullback. Be cautious of the market being pressured and supporting positions being retested. Although there was a strong rebound during the day, the short-term volatility is high, and the price has not stabilized above the 90,000 mark. The market remains in a tug-of-war between bulls and bears, overall oscillating around the 90,000 range. The suggested approach is to short at highs and go long at lows.

12.8 Bitcoin short-term trading strategy reference:
Test short positions at 92,300–93,300, stop loss at 95,500 with a stop loss of 500, target below 90,150;
Test long positions at 87,300–88,300, stop loss 500, target above 89,300.

12.8 Ethereum short-term strategy reference:
Test light short at 3,185–3,125, stop loss 30 points, target below 3,080;
Test long positions at 2,981–2,931, stop loss 30 points, target above 3,020.

There is a delay in article posting; strategy suggestions are for reference only. The market changes rapidly. No matter how confident you are in your judgment, always set stop-loss and take-profit orders to secure your profits. $BTC $GT $ETH #成长值抽奖赢iPhone17和周边 #十二月行情展望 #PostInSquareToGet$50