Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
12.14 Bitcoin Market Analysis Reference: Bitcoin's intraday trend continues to fluctuate within a wide range, with short-term movements being rather volatile. The price hovers within the 2000-point range. From a daily chart perspective, on December 12th, the price dropped from 92630 to 89895 with a high-volume long bearish candle, forming a short-term top reversal pattern. Currently, the price repeatedly struggles near the 90000 mark, forming a doji pattern indicating indecision and a stalemate between bulls and bears.
On the 2-hour chart, the price fell from 90599 to 90048, forming consecutive bearish candles and a short-term downward channel. It is continuously supported by EMA7 (90152), EMA30 (90677), and EMA120 (90830). Meanwhile, all MACD cycle indicators are below the zero line, with a -46.6 green histogram on the 2-hour chart, indicating a still weak short-term trend. The market continues to fluctuate widely and remains volatile, with prices drifting within the 2000-point range. Please manage risk carefully. Resistance above is at 92000, and support below is at 89000-88500.
12.14 Bitcoin Short-term Trading Strategy Reference: Short entry at 92300-9300 short, add coverage at 95500, stop loss 500, target below 91500. Alternatively, long entry at 88300-87300, stop loss 500, target above 89500.
12.14 Ethereum Short-term Strategy Reference: Light short at 3195-3145, stop loss 30 points, target below 3190. Long entry at 2981-3031, stop loss 30 points, target above 3080.
The article transmission may be delayed. Strategy suggestions are for reference only. The market is highly volatile; regardless of how confident you are in your market judgment, always set proper stop-loss and take-profit levels to secure profits and minimize losses.