12.10 Evening Bitcoin and Ethereum Analysis



Bitcoin has experienced a rebound and is currently in a high-level consolidation. From the daily chart, the moving averages are showing a bullish alignment, with MA20 and the middle band of the Bollinger Bands forming strong support. The medium-term upward framework has not yet been broken. However, from the 4-hour MACD indicator, the red bars are shortening, indicating that bullish momentum is marginally weakening. At the same time, the KDJ and RSI indicators show overbought conditions, suggesting a short-term pullback may be needed, but no clear signs of weakening have appeared. Therefore, resistance above Bitcoin can be watched at 94500, with support at 89000.

Bitcoin recommendation: Short at 93200-94000, target 91000

Ethereum recommendation: Short at 3370-3400, target 3300

Tonight, the Federal Reserve's interest rate decision will be an important market variable. If Bitcoin successfully breaks through the 94500 resistance level, investors need to adjust their strategies and cut losses in time. After the price pulls back, look for new entry opportunities. #美联储降息预测 #广场发帖领$50 #加密市场反弹 #BTC #ETH
USDC0.02%
SOL4.39%
XRP0.74%
ETH1.17%
BTC2.15%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)