December 12 Morning Bitcoin and Ethereum Trading Suggestions and Directions

The market sentiment has shifted again overnight. We have repeatedly emphasized a bullish approach around support levels, awaiting confirmation. In the early hours, Bitcoin (BTC) started to oscillate upwards from around 89,300, rebounding in a series of green candles to near 93,500. The price increased by nearly 4,200 points within this range. Similarly, Ethereum (ETH) rebounded from around 3,140 to 3,272, gaining nearly 132 points. This clearly demonstrates strong bullish momentum. My early morning strategy of multiple bullish entries aligns again with the market sentiment. Currently, I continue to hold long positions, expecting the bullish trend to persist.

From the current technical perspective, the 4-hour chart shows that the market has broken through the middle band of the Bollinger Bands and is heading towards the upper band, indicating a clear bullish signal. The candlestick pattern presents a 2-day consecutive bullish reversal. The game of bullish versus bearish forces has intensified, causing the upper shadow of the candlesticks to enlarge, which highlights the short-term dominance of bullish momentum. On the 1-hour chart, after a strong rally to near 93,500, the market has pulled back. The Bollinger Bands are widening, with the middle band continuing to rise, indicating ongoing bullish energy. Although the MACD remains below the zero line, the fast and slow lines are turning upward, forming a golden cross below, suggesting a continuation of the bullish trend. Therefore, tonight’s operation strategy mainly favors dips to buy.

For Bitcoin, look for buying opportunities around 92,100 to 91,500, with attention on 93,500.
For Ethereum, consider buying near 3,230 to 3,200, with focus on 3,300.