Xiang Li: Evening December 12 - Bitcoin and Altcoin Trading Analysis

From the four-hour chart perspective, currently, the coin continues to operate within the upward channel. The pennant pattern with a breakout above the upper band has not yet changed, laying a solid foundation for another rally. Additionally, the RSI indicator is in the strong zone between 50-60, confirming that the bullish momentum remains strong. A closer look at the hourly chart shows that the MACD lines are about to form a dead cross above the zero line. Along with the gradual retreat of buying momentum, the market may shift from strength to weakness. Meanwhile, the KDJ indicator's K and D lines are forming a dead cross within the 50-80 range, indicating short-term pullback pressure for the coin.
The overall trend still favors the bulls, but there is short-term pullback pressure. This correction provides opportunities for us to buy on dips. For tonight's trading, it is recommended to follow the buy-the-dip strategy!
Bitcoin can be bought in the range of 91500-92000, with targets at approximately 92800, 93500, and 94500.
Altcoin can be bought in the range of 3200-3230, with targets at approximately 3270, 3320, and 3450.
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