12.13 Afternoon Bitcoin/Ethereum Analysis Trend Has Started, Bitcoin Again Pulls Back to 100,000 Mark
On the daily chart, Bitcoin reached a peak at 102,000 and then closed with a bearish candle. Currently, the daily chart has touched this level multiple times but has not been able to break above, proving that the resistance here is still very strong. The market is once again in a small range consolidation phase, with the upper limit at 102,000 and the lower limit at 98,500-96,000. Ethereum, on the daily chart, has printed two consecutive bullish candles, rebounding after touching a low of 3,550. Currently, the market has not yet touched the resistance level around 4,000, and short-term support is seen at 3,850-3,880;
On the 4-hour chart, it can be clearly seen that Bitcoin started to rebound after a pullback to the bottom at around 95,000, and began to decline after reaching the top near 103,000. The intermediate position is around 99,500. Ethereum is similarly clear, rebounding after touching the bottom at 3,550 and starting to decline after reaching the top at around 4,000, with the intermediate position at 3,750-3,800.
Thursday Afternoon Trading Suggestions (Written at 17:00)
BTC: Short near 100,000 with a target around 101,500
ETH: Long near 3,870-3,900, target around 3,950
Be sure of the trend and don’t hesitate; leave professional matters to professionals.
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