Cryptocurrency Mr. Coin: 12.24 Bitcoin (BTC) Market Analysis Reference

Bitcoin's intraday trend remains weak and volatile, and caution is advised against the price breaking below the key support level of 92000-91500, which could lead to further declines. Currently, the trend is running as expected, with the price having plummeted over a thousand points to around 92500, breaking the consolidation range and leaning towards a downward trend. Subsequent attention should be paid to the 92000 support; if it breaks, there is a possibility of a further retracement towards the 90000 level, so breaking the level can be seized for short-term gains.

On the short-term hourly chart, with this wave of breakdown and plunge, the MACD histogram remains negative and is gradually expanding, with both DIF and DEA diverging downwards, indicating an increase in bearish strength. On the daily level, the MACD also shows a death cross, further confirming the downward pressure. The price has fallen below EMA7, EMA30, and EMA120, remaining below the moving averages across various time frames, demonstrating a strong downward trend. Particularly in the 4-hour cycle, EMA7 has quickly crossed below other moving averages, suggesting there is room for a retracement. It is recommended to focus on short positions during rebounds, and to take light long positions during pullbacks.

12.24 Bitcoin Short-term Reference:

Long Position: Buy in the 90000-90500 range, with a stop-loss at 88500, take profit above 91000.

Short Position: Lightly short in the 93500-93000 range, target 500-1000 points, stop-loss at 94500, with a 500-point stop-loss.

12.24 Ethereum Short-term Reference:

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

Short Position: Short in the 3480-3430 range, stop-loss at 30 points, target 50-100 points.

There may be delays in sending, and the strategy suggestions are for reference only. The market changes rapidly; regardless of how accurate your market judgments are, always manage your take profit and stop-loss to secure your gains.