12.7 Bitcoin Market Analysis Reference
Bitcoin's intraday rebound is relatively weak, having attempted to break through the 90,000 resistance level multiple times but failing. As the evening approaches, bullish sentiment has weakened, and the market has re-entered a correction and oscillation phase. As of the time of writing, Bitcoin's current price is showing slight fluctuations around 89,750, overall under pressure. Recent K-line performance shows a pattern of alternating between long upper and lower shadows, reflecting hesitance in market sentiment, with both bulls and bears in a standoff.
From a technical indicator perspective, the MACD remains in negative territory and continues to decline, with downward pressure still existing in the short term. However, its movement has begun to show potential signs of turning positive. In the moving average system, the 7-day moving average is slightly below the 30-day moving average and maintains a diverging downward trend. The short-term trend shows signs of continuing weakness, and caution is required regarding potential moving average resistance during the rebound process. Notably, trading volume has significantly increased, and attention should be focused on the stabilization situation around the 90,000 line. If it does not break through and stabilize, the market is expected to continue weak oscillation, with short-term prices likely to test the 90,000 line. Prices are anticipated to reach the level, so all friends in crypto should prepare in advance. Short-term upper resistance is around the 90,500 position. Next, watch for 91,000, and the recommendation for operation is to prioritize short positions during rebounds.
12.7 Bitcoin Short-term Trading Strategy Reference:
Short position testing points 90,300-91,300, stop-loss at 93,500, target below 89,500,
Long position testing points 87,300-88,300, stop-loss at 500, target above 89,300,
12.7 Ethereum Short-term Strategy Reference:
Short position testing 3,065-3,115 lightly short, stop-loss at 30 points, target below 3,020,
Long position testing points 2,981-2,931, stop-loss at 30 points, target above 3,020,
The article is sent with a delay, strategy suggestions are for reference only, the market changes rapidly, regardless of how high the judgment and grasp of the market are, stop-loss and take-profit must be managed well to secure profits.
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