12.12 Morning Analysis



Bitcoin failed to hold the EMA15 support level of 91,000 today, retraced to the middle Bollinger Band at 89,900, while the upper Bollinger Band pressed down to 94,200; MACD expanded but the price pulled back, with DIF and DEA diverging at low levels. 89,900 is a short-term critical support; losing it will prolong the bearish trend. After breaking the trend indicator, the market entered consolidation, with MACD shrinking, and DIF and DEA diverging around the 0 axis. The Bollinger Bands range from 88,800 (lower band) to 93,700 (upper band), indicating a short-term pullback demand.

Trading Strategy:
Bitcoin:
Short at 93,500-94,500, target around 90,500

Ethereum:
Short at 3,260-3,280, target around 3,170
BTC-1.24%
ETH0.09%
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