- Mid-term (4-hour cycle): The upward pattern is stable. Sideways consolidation and increasing volume are healthy signs of rotation, building momentum for a breakout.
- Short-term (1-hour cycle): Slight pullback may be needed (volume decline and rebound with reduced volume). This is a proactive correction by bulls and does not alter the mid-term upward trend.
2. Afternoon Trading Suggestions
• Bitcoin: Long positions in the range of 89,500-90,000 Target zone: 92,000-93,000.
• Ethereum: Long entry around 3,170 Target zone: 3,220-3,300.
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#BTC 12.11 Daily Market Analysis for PiLi午后
1. Core Trend Judgment
- Mid-term (4-hour cycle): The upward pattern is stable. Sideways consolidation and increasing volume are healthy signs of rotation, building momentum for a breakout.
- Short-term (1-hour cycle): Slight pullback may be needed (volume decline and rebound with reduced volume). This is a proactive correction by bulls and does not alter the mid-term upward trend.
2. Afternoon Trading Suggestions
• Bitcoin:
Long positions in the range of 89,500-90,000
Target zone: 92,000-93,000.
• Ethereum:
Long entry around 3,170
Target zone: 3,220-3,300.