Morning BTC/ETH Strategy Sharing on December 8
Recently, positive news has been circulating, the tariff issue has again been paused for 90 days, and a rate cut in September has basically become a foregone conclusion. Overall, the probability of the current price dropping significantly is very low; a wide-ranging correction is basically a malicious sell-off by the market makers or institutions to liquidate long positions.
BTC
Yesterday morning, Bitcoin surged strongly by over 4000 points to around 122450, then began to pull back. As of now, it has basically returned to the starting point from yesterday. From the 4-hour and daily chart perspective, the price is still at the upper Bollinger Band. The daily MACD histogram is shrinking, and the fast and slow lines have crossed upwards. During the day, pay attention to 117600; if the hourly level cannot effectively break and stabilize below, then the bullish trend will continue.
BTC suggestion 1180-1186, target 1195-1208-1218
