Analyst Liangqiu: 12.21BTC/ETH oscillating back and forth at an important level. Follow

BTC/ETH has plummeted several times in the early hours over the past two days, and the downward trend ended early this morning. The market has stabilized to some extent, but there has been no effective breakthrough in the important position above. In the early hours, BTC rose to the 97777 level, just a hair's breadth away from the 98000 to 98500 range, which has been an important turning point several times in the past. However, after the rapid rise in the market, the retracement is relatively small, and it is currently in a phase of repair and consolidation. Follow the support below, with the situation of the low moving up, if the support is effective, the market will continue to rise.

BTC/Ethereum has experienced significant volatility in candlestick patterns in recent days, with the lowest touching 92200/3100 and quickly rebounding 5000/400 points, forming a long lower shadow candlestick, indicating strong buying support. The significant drop in the daily chart in the past two days also shows signs of stabilization. The MACD indicator currently shows a negative value and is gradually shortening, with DIF and DEA both at low levels and showing signs of convergence, indicating a weakening of the bearish momentum and the possibility of a rebound.

On the operation side, Liangqiu suggests entering long positions around BTC 96,000 to 96,500, with a target near 98,500. Enter long positions around Ethereum 3,390 to 3,420, with a target near 3,530. If it breaks through, it can continue to rise. In fact, recently, continuous layout has been profitable, and friends who follow can see it clearly. Currently, the market is mainly in waves, and the effectiveness of the article depends on real-time guidance. #2024 Gate.io 年度账单 #与动态一起迎圣诞 #USUAL和MOVE逆跌上涨，你看好吗？