Crypto Circle Mr. Coin: 12.27 Bitcoin (BTC) Market Analysis Reference

Currently, the trend shows that Bitcoin has once again surged and then pulled back this morning. It was initially thought that the market would break out this month, but given the resistance area around 100,000 that has been tested multiple times without breaking through, the price still hasn't crossed the daily midline, which is somewhat disappointing. Currently, it remains in a weak adjustment phase, and the key support below has not been broken, so a significant drop is not likely. Therefore, a range consolidation is expected to continue for some time. In terms of news, as the scale of the crypto world is gradually changing, the short-term impact on prices will not be as significant as in the past.

Looking at the hourly chart, the MACD is hovering around the zero axis, and the fast and slow lines show signs of convergence, indicating a potential choice of direction in the short term. On the daily level, the MACD shows a death cross, with the green bars expanding, suggesting that the short-term pullback is still ongoing, and subsequent rebounds may be weak, indicating a possibility of further downward movement. Therefore, it is currently recommended to operate with light positions, being cautious of prices dropping again. In terms of operation, it is advised to mainly focus on short positions during rebounds, with long positions as a supplement.

12.27 Bitcoin Short-term Reference:

Long positions: 92,000-92,500 range long, defend at 90,500, stop loss at 90,200, target above 94,000,

Short positions: Light short in the 96,700-97,500 range, target 500-1,000 points, defend at 98,500, stop loss at 500 points,

12.27 Ethereum Short-term Reference:

Long positions: 3,080-3,130 range, defend at 2,950, stop loss: 2,930 target above 3,200,

Short positions: Short in the 3,410-3,450 range, stop loss 30 points, target 50-100 points,

There may be delays in sending, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the confidence in market judgment is, stop-loss and take-profit measures must be in place to secure profits.