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#BTC 12.13 Early morning Bitcoin and Ethereum market analysis and trading suggestions
The current market is in a consolidation phase. After experiencing a pullback yesterday, Bitcoin showed strong resilience in the key support area, with active buying response, successfully absorbing selling pressure, and the trend has entered a healthy consolidation state. The current 1-hour chart shows narrow fluctuations, with small bullish and bearish candles alternating in an orderly manner. The bulls and bears are in a dynamic balance, which is a typical signal that the market is using time to create space and brewing the next trend.
Follow the official public account: Shengdong Trend Theory
Sideways consolidation often indicates that a direction choice is imminent. The effectiveness of the support below has been preliminarily confirmed, and market sentiment is gradually recovering. Patience during oscillation is precisely to accumulate strength for the subsequent trend. Under the current pattern, low-buying strategies have a favorable risk-reward ratio. It is recommended to stay calm and observe, waiting for a volume confirmation signal. Once the consolidation ends, the trend is expected to rely on support to initiate a new upward momentum.
At this time, it is not advisable to rush into chasing gains or cutting losses, but rather to guard key positions and seize low-entry opportunities during oscillations. The market's rest period is just the right time to pave the way for the next stage of movement. Maintain confidence and patience; once the trend becomes clearer, strategic positioning will be more certain.
Early morning Bitcoin can be bought around 89,500, with a target of 91,000
Early morning Ethereum can be bought around 3,090, with a target of 3,180#Gate11月透明度报告出炉 #美联储降息 #广场发帖领$50