12.6 Bitcoin Market Analysis Reference

Yesterday, Bitcoin saw a rally followed by a pullback. It has now fallen below the 90,000 mark, with lows approaching the 88,000 level. Compared to yesterday, the trend has shifted from strong to weak, so caution is advised for further declines. Focus on the previous low support level below. If it does not break below this level, the market is still in a wide range of consolidation, with a possible rebound after a retest. Conversely, if it breaks below, the price may continue to move lower, so please be prepared.

From a technical perspective, the 2-hour chart shows consecutive bearish candles, with the price dropping from 92,692 to around 88,000 and forming a descending channel. Although there was a long lower shadow last night (low at 87,974), indicating short-term buying support, the overall trend is still constrained by the 7-day and 30-day moving averages (at 89,686 and 90,813 respectively). On the daily chart, December 5 closed with a large bearish candle (close at 89,330), forming a bearish engulfing pattern with the previous trading day; at the same time, the MACD indicator on the 2-hour chart shows DIF and DEA widening below the zero line (-690/-522), and the daily histogram remains negative (-1643), reflecting weakness. The EMA system shows that on the 2-hour chart, the price is suppressed by the 120-day moving average (90,551), and on the daily chart, EMA7 (90,325) has formed a death cross below EMA30 (93,810), indicating an overall weak trend. Watch the 90,000 level for resistance; if the rebound fails to break through this area, the price is expected to pull back to lower support, so it is not recommended to chase the rally blindly. The intraday trend has shifted from strong to weak, so short positions are recommended for short-term trading.

12.6 Bitcoin Short-term Trading Strategy Reference:
Test short positions at 90,300-91,300, defensive stop at 93,500, stop loss: 500, target below 89,500.
Test long positions at 87,300-88,300, stop loss 500, target above 89,300.

12.6 Ethereum Short-term Strategy Reference:
Test light shorts at 3,065-3,115, stop loss 30 points, target below 3,020.
Test long positions at 2,981-2,931, stop loss 30 points, target above 3,020.

There is a delay in article posting; strategy suggestions are for reference only. The market changes rapidly. Regardless of how confident you are in your analysis, always set stop-loss and take-profit orders to secure your profits. #成长值抽奖赢iPhone17和周边 #十二月行情展望 $BTC $GT $ETH #Post in the Square to receive $50