December 12th Market Trend Analysis

Good afternoon, everyone! The overnight market broke through the horizontal range resistance strongly, initiating a rally. During this upward move, except for Ethereum which performed slightly weaker, several other tokens recovered half of their decline from the night before, especially Bitcoin, which nearly returned to its previous high.

However, after the overnight surge, if there are no long positions, it is recommended to wait for a pullback before entering, and avoid chasing the highs. Today, pay attention to the key levels I provide. As long as the 1-2 hour timeframe does not break below these levels, the bullish trend remains intact, and further highs may be expected. Meanwhile, consider short positions near the previous 4-hour high. For Bitcoin, the most cost-effective long entry zone today is between 90 and 88, while other entries are suitable only for short-term longs.

Today's Analysis:
Bitcoin: Focus on the 91,400 level. If the 4-hour timeframe does not break below this level, the bullish trend continues, with resistance levels at 93,060, 94,550, and 96,450. If the 4-hour timeframe breaks below 91,400, the rally ends, and a deep correction may follow, with support levels at 90,500, 89,200, and 87,700.

Ethereum: Watch the 3,215 level. If the 1-2 hour timeframe does not break below, the rebound trend continues, with resistance at 3,265, 3,320, and 3,360. If broken, the rebound ends, and support levels are at 3,175, 3,115, and 3,068.

BNB: Keep an eye on 881. As long as the 4-hour timeframe remains above this, the bullish trend persists, with resistance at 894, 905, and 915. If broken, the rally ends, and support levels are at 872, 860, and 845.

Solana: Watch the 134 level. As long as the 4-hour timeframe holds above it, the bullish trend remains, with resistance at 137, 141, and 144. If broken, the rally ends, and support levels are at 131, 129, and 126.