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- MC:$3.59KHolders:20.09%
- MC:$3.51KHolders:10.00%
- MC:$3.87KHolders:51.53%
- MC:$3.56KHolders:10.00%
- MC:$3.55KHolders:10.00%
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Afternoon Analysis 12.12
The current market remains in a state of oscillation and tug-of-war, and it is urgent for positive catalysts to break the deadlock. On the four-hour chart, the price is oscillating around the upper band of the Bollinger Bands. The early morning pressure caused a pullback, but the declining momentum is gradually diminishing, and the market has entered a correction and consolidation phase. The middle band of the Bollinger Bands provides strong support, and the price quickly rebounds after touching it. The long lower shadow highlights the buying strength, and the rebound and correction trend continues to strengthen. On the hourly chart, the price is trading below the upper Bollinger Band, showing three consecutive bullish candles. Although the short-term market momentum is relatively weak, the overall upward trend is steady, laying a solid foundation for subsequent rebounds. Follow the trend and buy on dips!
Trading Recommendations
Bitcoin (BTC) in the 92100-91800 range, targeting around 94000
Ethereum (ETH) in the 3230-3200 range, targeting around 3350