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12.12 Morning Review: Buy on dips
The Bollinger Bands for Bitcoin are currently narrowing continuously, with the lower band providing unwavering support. Once it stabilizes above the middle band, the upward potential will fully open.
In terms of moving averages, the MA7 has already experienced a golden cross breakout above the MA30, clearly signaling a short-term trend shift to bullish. The price is steadily above both the MA30 and EMA30 support lines, with EMA7 closely tracking the price to form a dynamic support. The overall MA arrangement is accelerating its transition from a bearish to a bullish pattern.
Bitcoin suggestion: Around 90700-91200, the first target is aimed at 93600. If a strong breakout occurs, then continue to watch for 96800.
Altcoin suggestion: Around 3215-2990, buy; first target 3260, swing target 3350.