December 11 Morning Market Analysis:
Bitcoin dropped to around 98,300 during the midnight period, continued to fall to about 94,300, then rebounded to around 97,300, closing at 96,600 at 8 AM, currently priced at around 96,100.
Ethereum retraced to around 3,730 during the midnight period, then dipped to 3,512, after which it rebounded to 3,673, closing at 3,628 at 8 AM, currently priced at around 3,600.
A short position was established during the midnight period, and the current movements of Bitcoin and Ethereum have confirmed profit-taking.
From the four-hour chart, Bitcoin's price trend shows a contraction in volume. The short-term focus is on support near 95,200, with resistance above at around 98,200. From the one-hour chart, price fluctuations also show a decrease in volume, with short-term attention on 96,800 above, secondary resistance near 98,500, and support around 95,000 below.
Operational Suggestions:
If Bitcoin rebounds to the range of 96,400-96,800, consider going short, targeting around 95,300-94,900.
If Ethereum rebounds to the range of 3,620-3,650, consider going short, targeting around 3,550-3,520.
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