December 12th, Friday, Midday Bitcoin and Ethereum Analysis Report
During today’s midday trading session, Bitcoin and Ethereum exhibited the following characteristics. The four-hour candlestick chart shows that prices are continuously rising, closely following the middle band of the Bollinger Bands, indicating that the middle band currently acts as a strong resistance. Therefore, in the short term, the likelihood of prices breaking above the middle band is relatively low. Additionally, in the one-hour MACD indicator, a golden cross signal is gradually forming, suggesting that bullish momentum is moderately releasing, but caution should be exercised regarding short-term technical retracement risks. Based on the resonance of multiple timeframe technical indicators, it is recommended that investors adopt a cautious high-short strategy.
Bitcoin recommendation: #BTC #ETH #PI : Consider short positions in the 92600-93000 range, with a target of 91500.
Ethereum recommendation: Consider short positions in the 3250-3270 range, with a target of 3140.
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December 12th, Friday, Midday Bitcoin and Ethereum Analysis Report
During today’s midday trading session, Bitcoin and Ethereum exhibited the following characteristics. The four-hour candlestick chart shows that prices are continuously rising, closely following the middle band of the Bollinger Bands, indicating that the middle band currently acts as a strong resistance. Therefore, in the short term, the likelihood of prices breaking above the middle band is relatively low. Additionally, in the one-hour MACD indicator, a golden cross signal is gradually forming, suggesting that bullish momentum is moderately releasing, but caution should be exercised regarding short-term technical retracement risks. Based on the resonance of multiple timeframe technical indicators, it is recommended that investors adopt a cautious high-short strategy.
Bitcoin recommendation: #BTC #ETH #PI : Consider short positions in the 92600-93000 range, with a target of 91500.
Ethereum recommendation: Consider short positions in the 3250-3270 range, with a target of 3140.