Big Cake E-commerce Latest Market Trend Analysis: 12/31 The current market is in a range-bound pattern, with prices fluctuating between 86619.9 (strong support) and 90373.4 (strong resistance). Technically, although the candlestick pattern shows a bullish engulfing signal and the moving averages are in a bullish alignment, with the price above the moving averages, indicating a bullish medium-term trend, weakening momentum and high volatility in the short term may limit the price's ability to break through resistance. Furthermore, insufficient trading volume further increases the uncertainty of the signals. Given the current range-bound market, the price may face significant selling pressure near the strong resistance level of 90373.4 (major premise). Considering the current weakening momentum and high volatility (minor premise), a strategy of selling short near the resistance level is a reasonable short-term choice (conclusion). Xiao Ma's trading advice is to primarily short. For Bitcoin, consider shorting around 88800-89300, with a target of 87500-87000. For Bitcoin, consider shorting around 3000-3030, with a target of 2950-2900.
Bitcoin and Ethereum Latest Price Trend Analysis: 12/31
2025-12-31 02:36:44
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