Navigating the Cryptocurrency Ocean: 12.23 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Today's Latest Market Analysis Reference, News Interpretation,

Market Waves: 12.23 Bitcoin (BTC) Market Analysis Reference: Yesterday, Bitcoin experienced a fluctuating upward pattern during the day. Although there was a correction trend during the session, the price once surged and broke through the 90,000 mark; however, this level faced significant pressure, and the bulls failed to stabilize effectively, leading to the market encountering selling pressure again and returning to the previous fluctuation range.
Observing from the daily chart, the daily line shows a pattern of three consecutive upward candles, with the price recovering to the area below the middle track of the Bollinger Bands based on the upward trend of the candles. However, in the past two trading days, the body of the bullish candles has continued to narrow, and the price has been consolidating near the EMA15 trend line at 88700. The market has attempted to break higher multiple times but has faced pressure and retreated, and has not been able to effectively break through the key pressure level of the middle track. In terms of technical indicators, after a decrease in volume, the MACD indicator's DIF and DEA have formed a golden cross, releasing a short-term weak bullish signal. However, this indicator has previously been in the negative zone for a long time, and the overall downward momentum has not yet completely diminished. Combined with the obstruction of bullish volume release, caution is needed for a new round of pullback in the future market.
Observing the market from a 4-hour short-cycle perspective, the price encountered resistance in the upper range and fell back. Currently, the coin price is oscillating around the middle track of the Bollinger Bands (the midpoint of the medium-term trend). In terms of technical indicators, the MACD histogram is significantly narrowing, and the DIF line is turning down after the price hit the upper resistance level, about to cross below the DEA line, indicating a potential death cross. Meanwhile, the KDJ indicator is also diverging downwards, enhancing short-term bearish signals. Overall, the short-term technical outlook is bearish, and the market is likely to continue its oscillating consolidation trend, with caution advised regarding the risk of testing the lower support. Coin market waves: 12.23 Bitcoin short-term reference:
Long position: Buy in the 85800-86800 range, defend at 84800, target 87500-88500. Short position: Sell in the 89500-90500 range, defend at 92500, target 88500-87500.
Coin Sea Surfing: 12.23 Ethereum Short-term Reference:
Long position: Buy in the range of 2850-2900, with a stop loss at 2750, targeting 2950-3050. Short position: Sell in the range of 3050-3100, with a stop loss at 3200, targeting 2950-2850.
There is a delay in sending the article, which is timely, personal opinion, for reference only, and do not operate blindly! I hope everyone, on their investment journey, can adhere to their principles no matter how the market changes, and maintain rationality and calmness. Seize opportunities, every decision is just right, and sail through the ocean of investment, reaping wealth and growth!!!#BTC #ETH