CoinSea Surfing: 12.10 Latest Bitcoin (BTC) and Ethereum (ETH) Market Analysis Reference and News Interpretation
CoinSea Surfing: 12.10 Bitcoin (BTC) Market Analysis Reference:
Last night, Bitcoin experienced a strong rebound rally, with the price climbing all the way up, breaking through previous highs, and testing the 94,558 level before pulling back due to selling pressure above. As of 8:13 this morning, the price has retraced to around 92,500 USD and is consolidating.
From the daily chart, the candlestick has closed bullish for several consecutive days, and the price is operating above all MA periods. The trend temporarily broke above the upper Bollinger Band, and although the previous EMA30 resistance was effectively broken, it failed to hold above it. The MACD continues to expand with increased volume, and both the DIF and DEA lines are trending upward; the KDJ indicator maintains a bullish pattern. Overall, the technical outlook still shows bullish signals, but the failure to hold above key resistance suggests a hidden risk of a pullback. In the short term, the price is likely to consolidate at high levels to absorb selling pressure, and caution is needed for possible volatility if volume decreases.
Looking at the short-term hourly chart, the 4-hour Bollinger Bands are opening up, and the candlestick pattern shows two bullish candles followed by one bearish. Although there has been a pullback, the current price has successfully broken above the middle band resistance, and the EMA moving averages are in a bullish alignment, with the price only slightly below EMA240. The MACD continues to show expanding volume, with DIF and DEA diverging above the zero axis. The KDJ indicator is contracting, with the J value turning down from a high level. Overall, the 4-hour bullish trend framework remains intact, but the KDJ turning down at high levels combined with EMA240 resistance may slow the pace of further rebounds. It is likely that the price will consolidate at high levels to absorb upward pressure. It is recommended to try light long positions near middle band support in the short term.
CoinSea Surfing: 12.10 Bitcoin Short-term Reference:
Long: 90,500-91,500 range, stop loss 500 points, target 92,500-93,500
Short: 94,500-95,500 range, defensive stop at 96,500, target 93,500-92,500
CoinSea Surfing: 12.10 Ethereum Short-term Reference:
Long: 3,150-3,200 range, stop loss 30 points, target 3,250-3,300
Short: 3,382-3,412 range, defensive stop at 3,500, target 3,300-3,200
There is a delay in article transmission and the content is time-sensitive. The above is a personal view and for reference only. Do not operate blindly! I hope that on your investment journey, no matter how the market changes, you can stick to your principles, remain rational and calm. Seize opportunities, make every decision just right, and ride the waves in the ocean of investment to harvest both wealth and growth!!!