Hai Zhou Lang: 12.20 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights

Hai Zhou Lang: 12.20 Bitcoin (BTC) Market Analysis Reference:
After the post yesterday, Bitcoin's price action unfolded as expected with technical correction. The price relied on short-term support levels to oscillate upward. After reaching a high of around 89,400, it faced resistance and pulled back. As of 9:23 this morning, the price is maintaining sideways consolidation around 88,000.
From the daily chart perspective, Bitcoin's recent price has been continuously operating within the lower band of the Bollinger Bands. The market has attempted to surge higher multiple times but was met with resistance and pulled back. The daily K-line shows long upper shadows repeatedly, visually indicating heavy selling pressure above and insufficient upward momentum. Additionally, the MACD DIF and DEA are below the zero line and are converging, while the KDJ indicator is rising from low levels but still remains in a neutral zone. Overall, this suggests that short-term bullish and bearish momentum are relatively weak, and the market is mainly consolidating sideways.
From the short-term hourly chart combined with the 4-hour timeframe: The 4-hour chart previously showed a bullish breakout above the Bollinger upper band, followed by resistance and a correction. Recent rebounds have been accompanied by longer bearish candles, with short-term prices continuously facing strong resistance at the upper Bollinger Band. Meanwhile, the 1-hour Bollinger Bands are gradually narrowing, and the price is also under the upper band resistance. The corresponding MACD remains in positive territory but with minimal volume fluctuations. DIF and DEA repeatedly converge above the zero line, and the KDJ indicator stays in a neutral zone. Overall, the short-term trend is expected to remain sideways, and intraday trading can focus on key support and resistance levels for high shorting and low buying.
Hai Zhou Lang: 12.20 Short-term Bitcoin Reference:
Long positions: Buy within 84500-85500, stop-loss at 83500, targets at 86500 - 87500 - 88500
Short positions: Short within 88800-89800, stop-loss at 90800, targets at 87800 - 86800 - 85000
Hai Zhou Lang: 12.20 Short-term Ethereum Reference:
Long positions: Buy within 2830-2860, stop-loss at 2730, targets at 2930-3030
Short positions: Short within 3030-3060, stop-loss at 3150, targets at 2950-2850
Timely updates are subject to delays; personal opinions are for reference only. Do not operate blindly! I hope everyone can stick to their principles regardless of market fluctuations, stay rational and calm. Seize opportunities, make precise decisions, and ride the waves in the ocean of investment to harvest wealth and growth!!!)#BTC