12.23 Bitcoin/Ethereum early morning trading strategy with market analysis
Bitcoin/Ethereum has remained in a volatile trend after the early morning rise, with no significant change in the trend. From a broader perspective, the horizontal consolidation after the rise itself indicates a strengthening trend. However, in the short term, there is still pressure from above during the rise, and there is space for a pullback to gather strength. Throughout the day, the market has consistently fluctuated within a narrow range of rising and falling. According to the daily and four-hour MA indicators, the support level is around 87500 and 2940. Relying on this support, a bullish outlook can be considered in batches. Additionally, since there are no short-term news influences, there is short-term resistance around 91000-91500 and near 3100, expecting a pullback.
Early morning trading suggestions: Short Bitcoin near 90000-90500, target around 88500; Short Ether near 3060-3070, target around 2990-2960, short position stop loss at 91500 and 3100.
Buy near 88000-88500, target 90000; Buy Ethereum near 2960-2980, target around 3050, long position at 87500 and 2940.
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12.23 Bitcoin/Ethereum early morning trading strategy with market analysis
Bitcoin/Ethereum has remained in a volatile trend after the early morning rise, with no significant change in the trend. From a broader perspective, the horizontal consolidation after the rise itself indicates a strengthening trend. However, in the short term, there is still pressure from above during the rise, and there is space for a pullback to gather strength. Throughout the day, the market has consistently fluctuated within a narrow range of rising and falling. According to the daily and four-hour MA indicators, the support level is around 87500 and 2940. Relying on this support, a bullish outlook can be considered in batches. Additionally, since there are no short-term news influences, there is short-term resistance around 91000-91500 and near 3100, expecting a pullback.
Early morning trading suggestions: Short Bitcoin near 90000-90500, target around 88500; Short Ether near 3060-3070, target around 2990-2960, short position stop loss at 91500 and 3100.
Buy near 88000-88500, target 90000; Buy Ethereum near 2960-2980, target around 3050, long position at 87500 and 2940.