Bitcoin rebounded to around 105200 after midnight and is currently trading near 106000. There was a high sell-off and low buy-in during midnight. From the current four-hour structure, Bitcoin is running near the middle track of the Bollinger Bands, with the KDJ line moving downward and the MACD running downward, indicating a bearish momentum. Bitcoin retraced to around 105500-105000, looking towards 106800-107500 Ethereum retraces to around 3830-3800, looking towards 3920-3965.
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12.18 Morning Technical Analysis
Bitcoin rebounded to around 105200 after midnight and is currently trading near 106000. There was a high sell-off and low buy-in during midnight.
From the current four-hour structure, Bitcoin is running near the middle track of the Bollinger Bands, with the KDJ line moving downward and the MACD running downward, indicating a bearish momentum.
Bitcoin retraced to around 105500-105000, looking towards 106800-107500
Ethereum retraces to around 3830-3800, looking towards 3920-3965.