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12.23 Tuesday Bitcoin Ethereum Morning Analysis
From the perspective of the 4-hour cycle, Bitcoin shows a significant and solid bullish accumulation trend. Although the market fluctuates frequently in the short term, facing resistance and retracement after multiple attempts to reach highs, it is noteworthy that the lows of the pullbacks are gradually rising, and the key support area below remains firm, not effectively broken by bears. This fully reflects the strong support exhibited by the market during the adjustment phase.
Currently, Bitcoin is steadily operating above the middle band of the Bollinger Bands, with the overall Bollinger Bands showing a converging upward trend. This technical formation suggests that the rhythm of the consolidation is gradually leaning towards the bulls, and the bullish momentum is building up.
Bitcoin recommendation: 88300-88100 currently 89500
Ethereum recommendation: 3010-2980 currently 3110
#BTC #ETH #BNB