Crypto Wave: 12.27 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights

Crypto Wave: 12.27 Bitcoin (BTC) Market Analysis Reference:
After yesterday's post, Bitcoin's price moved as expected with a technical rebound and surge. The price relied on short-term support levels to rise steadily, reaching a high of around 89,500 before facing resistance and pulling back. Later in the evening, it retraced to near previous lows. As of now, the price is trading narrowly around 87,500, and the market has entered a consolidation phase.
From the daily chart perspective, Bitcoin's recent price action has been within the lower band of the Bollinger Bands, with the middle band gradually moving downward. The consolidation range is narrowing further. The market has attempted multiple times to push higher but has been met with resistance and pulled back, unable to break through the EMA moving averages effectively. The MACD indicator's fast and slow lines remain below zero, with decreasing green bars but no signs of turning red. The KDJ indicator is contracting and consolidating, indicating that both bulls and bears are temporarily at a standstill. Short-term breakout momentum is insufficient, and the market is expected to continue its narrow sideways consolidation.
On the 4-hour chart, after a false breakout above the upper Bollinger Band and encountering resistance, the price has pulled back and is now trading between the middle and lower bands. The lower band provides some support, while the upper band exerts significant resistance. The MACD has formed a death cross below zero and weakened again. Meanwhile, the three lines of the KDJ indicator are trending downward and gradually entering the low region. The RSI has fallen to the middle neutral zone, with no overbought or oversold signals. Coupled with decreasing trading volume, this further confirms the current consolidation pattern. Given that it is the weekend, there is no need to elaborate further. The market is likely to continue its narrow fluctuation, and intraday trading should focus on key support and resistance levels, adopting a high-short and low-long strategy.
Crypto Wave: 12.27 Bitcoin Short-term Reference:
Long positions: Buy in the 85,500-86,500 range, with a stop loss at 84,500. Target 87,000-88,000.
Short positions: Sell in the 88,500-89,000 range, with a 500-point stop loss. Target 88,000-87,000.
Crypto Wave: 12.27 Ethereum Short-term Reference:
Long positions: Buy in the 2,850-2,900 range, with a stop loss at 2,750. Target 2,900-3,000.
Short positions: Sell in the 2,970-3,000 range, with a stop loss at 3,100. Target 2,930-2,880.
Timeliness of this article may be delayed; these are personal opinions 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 navigate the ocean of investment to harvest wealth and growth!!!)#BTC