12.13 Afternoon Market Analysis:
The Bitcoin rose to around 102500 at midnight and then fell back to around 99100, closing at 99982 at 8 AM. It has currently rebounded to around 99800.
The ETH rose to around 3986 at midnight and then fell back to around 3835, closing at 3880 at 8 AM, and has rebounded to around 3940 this morning, currently fluctuating around 3920.
From the current four-hour structure, Bitcoin's trading volume is decreasing, with support around 98900, and secondary support around 96800. Resistance is seen around 10500; from the one-hour structure, Bitcoin's trading volume is also decreasing, with resistance around 100200. Support is around 98800.
Afternoon trading suggestions:
For Bitcoin, look to rebound around 100000-100400, targeting 99200-98900.
For ETH, look to rebound around 3930-3955, targeting 3890-3865.
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