December 11th Early Morning Bitcoin and Ethereum Trading Suggestions and Directions
From the current market situation, on the 4-hour chart, Bitcoin is still in a range-bound oscillation. The short-term decline to test the 91,500 support level was unsuccessful, and a rebound and stretch are underway. Currently, it is fluctuating around 91,900. The 91,500 level still provides strong support, so the market trend has not yet broken out of a single direction. On the 1-hour chart, the Bollinger Bands are narrowing, and the lower band is gradually moving upward. In the short term, it is in a tug-of-war, giving us an impression of an evenly matched stance. Perhaps, before the Federal Reserve decision data at 3 a.m. tonight causes a stir, the market remains stable, preparing for a breakout or a pullback. My personal view and analysis suggest there may be a wave of stretch tonight, so I will maintain a bullish outlook for midnight. Consider going long around the short-term support above 91,500, and close the position if broken. Above 91,500 on Bitcoin can be long, watch for 93,500 Around 3,000 on Ethereum can be long, watch for 3,400#BTC #ETH
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December 11th Early Morning Bitcoin and Ethereum Trading Suggestions and Directions
From the current market situation, on the 4-hour chart, Bitcoin is still in a range-bound oscillation. The short-term decline to test the 91,500 support level was unsuccessful, and a rebound and stretch are underway. Currently, it is fluctuating around 91,900. The 91,500 level still provides strong support, so the market trend has not yet broken out of a single direction. On the 1-hour chart, the Bollinger Bands are narrowing, and the lower band is gradually moving upward. In the short term, it is in a tug-of-war, giving us an impression of an evenly matched stance. Perhaps, before the Federal Reserve decision data at 3 a.m. tonight causes a stir, the market remains stable, preparing for a breakout or a pullback. My personal view and analysis suggest there may be a wave of stretch tonight, so I will maintain a bullish outlook for midnight. Consider going long around the short-term support above 91,500, and close the position if broken.
Above 91,500 on Bitcoin can be long, watch for 93,500
Around 3,000 on Ethereum can be long, watch for 3,400#BTC #ETH