Crypto Circle Mr. Coin: 12.28 Bitcoin (BTC) Market Analysis Reference

The Bitcoin market is under pressure and experiencing a pullback. Currently, both bulls and bears are locked in at the 94500 level, with the overall trend in a weak oscillation. The support to watch below is at 93000. On the four-hour chart, the price has returned to the lower Bollinger Band region, but the effective support below has not been broken. There is a chance for the market to continue to bounce back upward. Mr. Coin suggests that the main strategy should still be to follow the trend. There is a possibility that the price will test the support below.

In the short-term hourly chart, the Bollinger Bands are opening downward, the current MACD is in the negative area, and both the fast and slow lines are diverging downward. Currently, both bulls and bears are evenly matched, and the market is in a weak oscillation posture. The market strength over the weekend is not strong, and in the short term, it is expected that the market will continue to experience weak oscillation.

12.28 Bitcoin Short-Term Reference:

Long Position: Buy in the range of 92000-92500, with a stop loss at 90500, and a stop loss at 90200, targeting above 94000.

Short Position: Light shorts in the range of 95700-96500, targeting 500-1000 points, with a stop loss at 97500, and a stop loss of 500 points.

12.28 Ethereum Short-Term Reference:

Long Position: Buy in the range of 3080-3130, with a stop loss at 2950, targeting above 3200.

Short Position: Short in the range of 3380-3420, stop loss 30 points, targeting 50-100 points.

There may be delays in sending messages. Strategy suggestions are for reference only. The market changes rapidly, and no matter how confident you are in market predictions, always manage your take profit and stop loss effectively to secure your gains.