12.10 Midday Bitcoin Ethereum Analysis

Yesterday's market trend was in line with our previous forecast. We accurately predicted the long opportunity and obtained satisfactory returns in actual trading. Bitcoin, in particular, is moving exactly as we expected. Yesterday, the price of Bitcoin once hit a high of 94555, far exceeding expectations, and then began to fall, and the current price is fluctuating around 92000.

Judging from the 4-hour chart, Bitcoin's main support level is currently at 91800, and there has been no effective breakout, and it is likely to remain above 91800 in the short term. We recommend investors to place short orders around 92230, with a take-profit target of 91800. The current point layout of short orders has high security and feasibility. At the same time, we need to pay attention to the pressure on the upper band of the 4-hour Bollinger band, which is gradually emerging, and we need to pay attention to whether its corresponding support level can be broken through. If the support level is broken, the MACD bull momentum will gradually weaken, gradually forming a death cross pattern, and we can further continue the bearish idea.

Ethereum's layout strategy today is mainly short-selling, combined with historical disk and current trends. Yesterday, the price of Ethereum rose to 3396 and then fell back, and the current market price is at 3302, which is already below the support level of 3338, which means that the support level of 3338 has been effectively broken. In the future, we need to pay attention to 3250, a new key support level, which has high reference value. Looking back at the end of December 2024, this point has consolidated many times, and after rising, it closed with multiple doji candlesticks when backtested, which is the early market balance point and can be used as a core reference for today's Ethereum trading. If the 3250 support level is broken again, the price of Ethereum is likely to move closer to the historical low of 2435, and investors need to do a good job of risk prevention and control.

BTC recommendation: 92500-93000 short, target around 90000

Ethereum recommendation: Short near 3350, target near 3200 #BTC #ETH