December 11th Midnight Bitcoin and Ethereum Trading Suggestions and Outlook
From the current market perspective, the four-hour chart shows that the market previously faced resistance from the mid-Bollinger Band and was trending downward, with consecutive bearish candles gradually approaching the lower band. During this period, trading volume mildly increased, indicating that the short-term bearish dominance currently holds a temporary advantage. However, as the price nears the key support at the lower band, a clear change in candlestick patterns emerges—frequent long lower shadows and narrowing real bodies suggest that buying interest at low levels is strengthening, and selling pressure is encountering effective resistance. The support below is likely to be effectively intercepted above the lower band. On the 1-hour chart, although the market once repeatedly tested near the lower Bollinger Band, the dense pattern of doji or small bullish candles is gradually replacing the previous bearish candle arrangement, indicating that market sentiment has shifted from cautious waiting to active engagement. Despite a large bearish candle breaking the pattern of mixed signals, this further confirms the short-term bearish momentum. Meanwhile, it tests the stability of the lower support system, laying a solid foundation for an upward breakout past the middle band. Overall, although the current market is dominated by selling pressure, the support below remains solid. Only if the price breaks below 89,000 might the downside space open. The market for Bitcoin and Ethereum is moving in tandem, with the 3,100 support level also remaining firm. Therefore, the midnight trading strategy should continue to follow the afternoon approach, focusing on maintaining above the support level with a bullish bias. Buy near 89,000 for Bitcoin, watch 92,500 Buy near 3,150-3,110 for Ethereum, focus on 3,250#BTC #ETH
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December 11th Midnight Bitcoin and Ethereum Trading Suggestions and Outlook
From the current market perspective, the four-hour chart shows that the market previously faced resistance from the mid-Bollinger Band and was trending downward, with consecutive bearish candles gradually approaching the lower band. During this period, trading volume mildly increased, indicating that the short-term bearish dominance currently holds a temporary advantage. However, as the price nears the key support at the lower band, a clear change in candlestick patterns emerges—frequent long lower shadows and narrowing real bodies suggest that buying interest at low levels is strengthening, and selling pressure is encountering effective resistance. The support below is likely to be effectively intercepted above the lower band.
On the 1-hour chart, although the market once repeatedly tested near the lower Bollinger Band, the dense pattern of doji or small bullish candles is gradually replacing the previous bearish candle arrangement, indicating that market sentiment has shifted from cautious waiting to active engagement. Despite a large bearish candle breaking the pattern of mixed signals, this further confirms the short-term bearish momentum. Meanwhile, it tests the stability of the lower support system, laying a solid foundation for an upward breakout past the middle band. Overall, although the current market is dominated by selling pressure, the support below remains solid. Only if the price breaks below 89,000 might the downside space open. The market for Bitcoin and Ethereum is moving in tandem, with the 3,100 support level also remaining firm. Therefore, the midnight trading strategy should continue to follow the afternoon approach, focusing on maintaining above the support level with a bullish bias.
Buy near 89,000 for Bitcoin, watch 92,500
Buy near 3,150-3,110 for Ethereum, focus on 3,250#BTC #ETH