Bihai Zhulang: 12.9 Latest Analysis and Insights on Bitcoin (BTC) and Ethereum (ETH) Market Trends

Bihai Zhulang: 12.9 Bitcoin (BTC) Market Analysis Reference:
Bitcoin's intraday movement continues to fluctuate within a range. Yesterday, it attempted to break upwards again but still failed to successfully breach the upper resistance, with the upward momentum interrupted and the price falling back under pressure, returning to consolidation. As of 4:04 AM today, the price is hovering around 90,000.

Observing the short-term hourly chart, the 4-hour Bollinger Bands are narrowing, with the price under pressure at the upper band and currently moving near the middle band. From a technical standpoint, the MACD histogram has switched from red to green bars, with the DIF line turning downward above the zero axis; meanwhile, the KDJ indicator is also diverging downward, indicating increased short-term bearish signals. Overall, the short-term technical outlook is bearish, and the market is likely to continue its consolidative trend, so be cautious of testing the lower band support.

Looking at the short-term 1-hour chart, the recent price action has formed a small box pattern in the 88,000-92,300 range. The upper and lower bounds of the box have been tested multiple times, further confirming strong support and resistance in this range. During the fluctuations, occasional doji candlesticks have appeared, suggesting fierce competition between bulls and bears at current levels. Even with occasional rebounds, the price remains within this box. Given that no effective breakout has occurred at key levels, it is not recommended for traders to chase the market up or down rashly in this situation.

Bihai Zhulang: 12.9 Bitcoin Short-term Reference:
Long: Buy in the 87,500-88,500 range, stop loss 500 points, target 89,000-90,000.
Short: Sell in the 91,500-92,500 range, defend at 93,500, target 90,500-89,500.

Bihai Zhulang: 12.9 Ethereum Short-term Reference:
Long: Buy in the 2,980-3,010 range, stop loss 30 points, target 3,100-3,150.
Short: Sell in the 3,190-3,220 range, defend at 3,320, target 3,100-3,000.

There may be a delay in sending this article, and the information is time-sensitive. Personal opinions are for reference only. Do not operate blindly! I hope that on your investment journey, no matter how the market changes, you can stick to your principles, stay rational and calm, seize opportunities, make every decision just right, and ride the waves of the investment ocean to reap both wealth and growth!