Market Review: Bitcoin dipped to 85,199 before quickly rebounding to 88,610; Ethereum oscillated from 2,811 back up to 2,994, showing a strong recovery overall. Currently in a healthy correction phase, with the pullback releasing pressure and preparing for subsequent upward movement. Technical indicators show signs of a bottoming process, with higher lows and decreasing trading volume, indicating weakening selling pressure. Long-term funds are accumulating on dips, the industry fundamentals remain solid, and there is a divergence with short-term prices, suggesting room for recovery. Low sentiment often presents accumulation opportunities; it is recommended to focus on high-quality assets for steady allocation.
Trading Suggestions: BTC in the 86,000-65,000 range for accumulation Target: 90,000-91,000. ETH in the 2,870-2,900 range for accumulation Target: 3,000-3,100. #美联储降息预测 #加密市场观察
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12/20 BTC/ETH Early Morning Trading Analysis
Market Review: Bitcoin dipped to 85,199 before quickly rebounding to 88,610; Ethereum oscillated from 2,811 back up to 2,994, showing a strong recovery overall.
Currently in a healthy correction phase, with the pullback releasing pressure and preparing for subsequent upward movement. Technical indicators show signs of a bottoming process, with higher lows and decreasing trading volume, indicating weakening selling pressure. Long-term funds are accumulating on dips, the industry fundamentals remain solid, and there is a divergence with short-term prices, suggesting room for recovery. Low sentiment often presents accumulation opportunities; it is recommended to focus on high-quality assets for steady allocation.
Trading Suggestions: BTC in the 86,000-65,000 range for accumulation
Target: 90,000-91,000.
ETH in the 2,870-2,900 range for accumulation
Target: 3,000-3,100.
#美联储降息预测 #加密市场观察