Mr. Crypto 12.12: Bitcoin and Ethereum Market Analysis and Reference (with Strategy Reference)

Bitcoin Price Analysis (December 12th): Bitcoin's price retraced again today, maintaining a weak and volatile short-term trend. Previous gains have been given back, but the key support level of 89,000 has not been broken, suggesting the short-term consolidation pattern will remain unchanged. On the daily chart, the price is trading within the middle Bollinger Band area, indicating consolidation. The 4-hour chart shows a hammer candlestick with a long lower shadow, indicating strong support around 89,000. However, the daily chart shows three consecutive bearish candlesticks, forming a descending three-methods pattern. Technically, the MACD is below the zero line on both the 4-hour and daily charts, with the fast and slow lines in a death cross and the histogram expanding. Furthermore, the price has broken below the 7, 30, and 120-period EMAs, with multiple moving averages in a bearish alignment. The key support level to watch is around 88,800. Shorting is not recommended until this level is broken; a strategy of buying on dips and selling on rallies is advised. The upper resistance level to watch is the 92000-92500 area, and the lower support level is the 88500-89000 area. Bitcoin short-term trading strategy for December 12th: Short at 92300-9300, stop loss at 95500, target below 91500. Long at 88300-87300, stop loss at 500, target above 89500. Ethereum short-term strategy for December 12th: Short at 3295-3245, stop loss at 30 points, target below 3190. Long at 3081-3031, stop loss at 30 points, target above 3180. Note: There may be a delay in article delivery. The strategies suggested are for reference only. Market conditions change rapidly. No matter how confident you are in your market analysis, always use stop-loss and take-profit orders to secure profits.