Xiang Li: December 9th Morning BTC & ETH Operations and Analysis

During the early morning session, market volatility was minimal and trading was light. Overall, the market entered a sideways consolidation phase after a sharp decline, with only slight fluctuations occurring in the latter half of the night session. After bottoming out at 89,553, BTC gradually climbed to 91,338 before pulling back slightly to consolidate around 90,200. ETH closely followed BTC’s rhythm, rebounding strongly by over 100 points after bottoming at 3,066, reaching 3,152 before failing to hold and retreating to hover around the current 3,110 level. Yesterday’s persistent short strategy finally met the perfect market conditions during the early morning session, hitting the target precisely once again. A total of 3 orders were placed: 2 BTC orders entered at 91,484 and 91,533, exited at 89,697 and 89,714, for a total gain of over 3,606 points; 1 ETH order entered at 3,141, exited at 3,069, for a gain of over 72 points.

From the daily chart perspective, BTC is steadily moving within an upward channel, with continuous and stable buying momentum. The KDJ indicator remains in the strong zone, all suggesting that the market is currently under bullish control. On the 4-hour chart, although BTC is experiencing a minor pullback, the overall market structure remains unchanged. On the hourly chart, the three RSI lines are turning upward together, indicating that bullish momentum is not fully exhausted and bottom support remains quite strong.

Overall, the broader outlook remains bullish. With all signals not yet fully aligned, buying the dip in the morning is the ideal choice!

BTC: Consider going long in the 90,000-90,500 range, targeting 91,200, 92,200, and around 93,500.

ETH: Consider going long in the 3,100-3,130 range, targeting 3,140, 3,180, and around 3,220.