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- MC:$3.55KHolders:20.00%
- MC:$3.46KHolders:10.00%
- MC:$0.1Holders:10.00%
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- MC:$3.8KHolders:21.67%
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12.17 Wednesday Bitcoin and Ethereum Midday Analysis
Based on market trend predictions, the market has entered a downward phase as expected. Currently, the signals for the shift between bullish and bearish forces are already evident. This morning, we recommended a short position strategy at the high point, which once again accurately captured the market dynamics. For investors who have already followed the strategy and positioned accordingly, it is advised to continue holding the positions and patiently wait for further market decline to unlock potential space.
From an hourly chart technical perspective, the current price movement is oscillating near the middle band of the Bollinger Bands, continuously testing the support strength of the middle band, indicating that the bearish forces are gradually strengthening.
Bitcoin recommendation: 87,200-87,500 Current: 86,000
Ethereum recommendation: 2,970-3,010 Current: 2,800