12.3 Morning Strategy Market Analysis

This week, the cryptocurrency prices have shown a fluctuating pattern since the opening. Currently, when the price is in the range of 96000 - 96500, it may be considered to short directly.

It was mentioned yesterday morning that the current daily MACD is still in a high-level death cross state, and the upper pressure level continues to decline.

Last night, after the market touched the 97300 line, it began to fall again, breaking the 95000 level. Now, the support at the 95000 line is on shaky ground. The rebound force during the two dips to 94000 has become increasingly weak.

Overall, the current tendency is still bearish. Attention should be paid to whether there can be effective stabilization below 95000. If it stabilizes below 95000, then continue to be bearish; if it stabilizes above 95000, then turn bullish.

Bitcoin's current price is in the 96000 - 96500 range, where one can short directly, and add short positions around 96300 - 96600, targeting 94500 - 94000.

For Ethereum, short positions can be gradually taken in the range of 3650 - 3680, targeting 3610 - 3550.

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