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December 29 Afternoon Bitcoin and Ethereum Trading Suggestions and Outlook
From the current market situation, the 4-hour chart shows that Bitcoin briefly broke above the 90,000 level during midday but did not stabilize. A large bullish candle indicates strong buying momentum. Currently, the price is oscillating around 89,800. In the short term, the market is dominated by bullish candles, entering a correction phase. On the 1-hour chart, after breaking above the upper band near 90,373 and facing resistance, the price gradually declined. The middle and upper bands continue to rise, with the real body candles accompanied by prominent upper shadows, indicating serious selling pressure. According to the stochastic indicator (KDJ), after an initial breakout, the price retraced below 90,000 and has not rebounded in the short term, showing a typical stagnation trend with a potential downward turn. The bullish momentum may open up a correction trend, so the afternoon trading strategy should focus on buying the dip.
For Bitcoin, consider buying near 89,700 to 90,300, with attention to 87,500.
For Ethereum, consider buying near 3,020 to 3,050, with attention to 2,900.