Crypto Waves: 12.30 Bitcoin (BTC) Market Analysis Reference:

Yesterday, Bitcoin briefly surged past the $90,000 mark, testing the previous strong resistance area, but the bulls lacked follow-through momentum and failed to maintain the gains, causing the price to quickly retreat to the initial low point. As of the time of writing, the real-time price of BTC is $87,100, and the intraday trend has returned to a narrow range of oscillation and consolidation.

From a daily perspective, the price surged and then retreated, forming a long upper shadow, indicating significant selling pressure above. The Bollinger Bands continue to narrow, with the upper band moving down and the lower band support rising, further compressing the oscillation range. The price has fallen back below the middle band of the Bollinger Bands and is operating below all EMA moving averages, showing significant pressure. In terms of technical indicators, the MACD main line remains below the zero axis, and the bearish pattern has not changed. Although the green bars have slightly narrowed, it only indicates a reduction in bearish momentum without any reversal signals being released; the KDJ indicator shows all three lines below the 50 neutral axis, with K at 31.44, D at 39.57, and J at 15.18, and the J line turning downwards, indicating a depletion of short-term rebound momentum; the RSI indicator also has all three lines below 50, with overall bullish strength being weak, and the market continues to show a weak consolidation pattern.

From the short-term hourly chart extending to the 4-hour level, after a price surge, a large bearish candle quickly retreated from the upper band of the Bollinger Bands and broke through the middle band, while the 7-day moving average turned down from its high, subsequently crossing below EMA15, EMA20, and EMA30. The overall moving average system is in a bearish arrangement, and the price is under significant pressure, completely interrupting the short-term rebound rhythm. In terms of indicators, the MACD shows an increase in bearish volume, with the fast and slow lines forming a death cross and diverging downwards, and the DIF has crossed below the zero axis. The KDJ indicator shows K at 18.71, D at 29.41, and J at -2.69, with all three lines below the 50 axis, and the J line has fallen into the oversold range and continues to move downwards without signs of a turnaround, indicating that short-term downward momentum is still being released, with no obvious rebound signals. Overall, the bearish momentum at the 4-hour level has not yet ended, and the short-term trend is bearish, with a high probability of continued weak downward movement or low-level consolidation.

Crypto Waves: 12.30 Bitcoin Short-term Reference:

Long Position: Buy in the range of 85,500-86,500, with a stop loss at 84,500, targeting 87,500-88,500.

Short Position: Sell in the range of 89,500-88,500, with a stop loss at 90,500, targeting 87,500-86,500.

Crypto Waves: 12.30 Ethereum Short-term Reference:

Long Position: Buy in the range of 2,870-2,900, with a stop loss at 2,800, targeting 2,950-3,000.

Short Position: Sell in the range of 2,985-3,015, with a stop loss at 3,200, targeting 2,950-2,900.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article may have delays in review and publication, and the strategies may lack timeliness. Do not operate blindly!】

This content is originally shared by Crypto Waves and represents personal opinions only. The article may have delays in sending and is for reference only; do not operate blindly! If you want to get more daily real-time trades, follow my public account! Here, you can engage in online technical learning and understand knowledge related to exiting positions. I have years of research experience in the market, focusing on the major trends in the crypto space. I am mainly responsible for analyzing and guiding investment operations for BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. Welcome to study and research together.

I hope everyone on their investment journey can adhere to their principles, regardless of how the market changes. Stay rational and calm. Deeply understand the characteristics, risks, and profit mechanisms of investment products, and do not let short-term market fluctuations affect your emotions. Be patient, avoid excessive greed and fear, and understand that wealth accumulation is a gradual process. Finally, I wish all my followers the ability to see opportunities in their investment journey, making every decision just right, sailing through the ocean of investment, and reaping wealth and growth!!!

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