December 12 Afternoon Bitcoin and Ethereum Trading Suggestions and Direction Sharing

From the current market view, the 4-hour timeframe shows that after an early attempt to reach a short-term high and encountering resistance, the market briefly entered a retracement phase. Currently, the market is dominated by a two consecutive bearish candles led by Kong Tou, with short-term momentum above the middle Bollinger band. The Bollinger bands are continuously expanding, with the middle band acting as support and resistance against the upper band. On the 1-hour chart, Bitcoin currently exhibits a slightly strong oscillating pattern, with a short-term bullish tendency. The Bollinger bands are widening. From the technical indicators:
‌KDJ‌: The K line is forming a golden cross below the D line, and the J value is turning upward from a low point, indicating strong short-term rebound momentum.
‌RSI‌: Located in the neutral to slightly bullish zone between 50-70, not entering the overbought area, suggesting that the current upward space remains.
‌MACD‌: The fast and slow lines are below the zero axis and are turning upward, with values continuously expanding. The volume bars are increasing, indicating ongoing bullish momentum. The two oscillators are synchronized with Bitcoin's market trend, showing significant correlation. Overall, the short-term upward trend remains unchanged. Therefore, afternoon trading suggestions are to continue with the morning retracement strategy, but be alert to the risk of a sudden dip and consider setting stop-loss at the mid-line of 91,000.
Bitcoin near 92,100 to 91,500 can be bought, watch for 93,500.
Ethereum near 3,230 to 3,200 can be bought, watch for 3,300.
#BTC #ETH