12.9 Bitcoin Market Analysis Reference

During the evening session, bullish sentiment has warmed up, with the market continuing its upward trend. The current price has returned above the 92,000 area, testing resistance near the 92,000 level and then pulling back, causing the market to re-enter a consolidation phase with bulls and bears once again in a stalemate. The key focus moving forward is whether the 92,000 level can be broken through and whether the 90,000 level can hold as support. If the market can break out again, the upside potential will be further opened up; conversely, if it falls below 90,000, weak consolidation may continue, with a possible retracement to the 89,000 support.

On the hourly chart, the Bollinger Bands are converging, and the price is operating near the upper band, showing clear selling pressure. After touching the 92,000 area, selling occurred, forming a technical reversal signal. From the indicators, the MACD has entered negative territory, and after the DIF and DEA formed a death cross, they have continued to extend downward, indicating short-term weakness. Meanwhile, the EMA (7) has crossed below the EMA (30), forming a bearish crossover of the short-term and long-term moving averages, suggesting the trend may continue to consolidate and weaken in the short term. The upward momentum is starting to weaken, but the overall trend remains a choppy upward move. Only after a breakout will there be a small upward push. Therefore, during this consolidation phase, the market outlook is still unclear. It is advised to wait for a breakout or a retracement before entering again.

Recently, Bitcoin's intraday volatility has been significant. The author, Mr. Coin, suggests that fellow traders manage risk appropriately and set stop-loss and take-profit orders.

12.9 Bitcoin Short-term Trading Strategy Reference:
Test short positions at 92,300-93,300, defense at 95,500, stop-loss: 500, target below 90,150.
Test long positions at 87,300-88,300, stop-loss: 500, target above 89,300.

12.9 Ethereum Short-term Strategy Reference:
Test light short positions at 3,195-3,145, stop-loss 30 points, target below 3,090.
Test long positions at 2,981-2,931, stop-loss 30 points, target above 3,020.

There may be a delay in article delivery, and the strategy suggestions are for reference only. The market is highly volatile, so no matter how confident you are in your market judgment, always set your take-profit and stop-loss orders and secure your profits. #美联储降息预测 #$GT $BTC $ETH