December 12 Early Morning Bitcoin and Ethereum Trading Suggestions and Directions

From the current market situation, on the 1-hour chart, Bitcoin is in a short-term correction phase, with technical indicators showing a slightly weak trend. Looking at the Bollinger Bands, prices briefly touched the lower band and then retraced. Currently, the price is operating within the middle and lower bands, with the middle and upper bands continuing to decline. The lower band shows signs of turning upward.

From the technical indicators: the KDJ lines are below 50 and have not entered the oversold zone. A short-term rebound and extension are expected after a correction near support levels. The MACD is below the zero line, with negative histogram bars. Although the short-term momentum favors bulls, a rapid rebound is possible after a pullback to support levels. This indicates strong buying desire for a rebound.

Therefore, short-term narrow fluctuations above support can be seen as a pre-rebound consolidation phase. My suggestion from Lao Zhao in the early morning continues the afternoon strategy: maintain a bullish stance above support levels.

Buy near 89000 with a focus on 92500, stop-loss set at 89000.

For ETH, buy near 3150 and 3110, focus on 3250#BTC #ETH