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
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.
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