Bitcoin and Ethereum Trading Suggestions for the Evening of 12.3
From the current market situation, on the 4-hour chart, Bitcoin tested the 93900 level and met resistance, then pulled back with two consecutive bearish candles and is now stabilizing around the 92800 level. The Bollinger Bands are still expanding, indicating no significant short-term trend change. The MACD fast and slow lines are below the zero axis and continue to turn upward, with the green bars continuously increasing, suggesting that the short-term trend is still dominated by the bulls. On the 1-hour chart, the Bollinger Bands are converging and all three bands are still trending upward. Short-term volatility is decreasing, indicating signs of range-bound oscillation. After encountering resistance in the afternoon, Bitcoin entered a slow consolidation and pullback phase. However, this pullback does not have reversal capability, and bullish momentum has not been fully released yet. The slow pullback is a preparation for accumulating strength before the next breakthrough. Therefore, the evening trading suggestion is still to focus mainly on buying on pullbacks.
BTC: Buy around 92600-92100, watch 94500 ETH: Buy around 3070-3040, watch 3150
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Bitcoin and Ethereum Trading Suggestions for the Evening of 12.3
From the current market situation, on the 4-hour chart, Bitcoin tested the 93900 level and met resistance, then pulled back with two consecutive bearish candles and is now stabilizing around the 92800 level. The Bollinger Bands are still expanding, indicating no significant short-term trend change. The MACD fast and slow lines are below the zero axis and continue to turn upward, with the green bars continuously increasing, suggesting that the short-term trend is still dominated by the bulls. On the 1-hour chart, the Bollinger Bands are converging and all three bands are still trending upward. Short-term volatility is decreasing, indicating signs of range-bound oscillation. After encountering resistance in the afternoon, Bitcoin entered a slow consolidation and pullback phase. However, this pullback does not have reversal capability, and bullish momentum has not been fully released yet. The slow pullback is a preparation for accumulating strength before the next breakthrough. Therefore, the evening trading suggestion is still to focus mainly on buying on pullbacks.
BTC: Buy around 92600-92100, watch 94500
ETH: Buy around 3070-3040, watch 3150
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