Early Morning Silk Road on December 8

Last night, BTC first rose and then fell, rebounding from the low point around 87,688, and then retracing after reaching the high point around 91,722, stabilizing around 88,890. ETH showed similar market conditions, first rebounding from the low point around 2,903, then coming under pressure and falling back after reaching the 3,150 mark, gradually stabilizing around 3,010.

Currently, the market's rebound momentum continues to improve, bullish momentum is strengthening, and the overall long sentiment is gradually heating up. From the four-hour chart, the candlestick strongly broke through the middle band of the Bollinger Bands, with volume following up. The price trend continues to test the upper band of the Bollinger Bands, and the mid-term upward structure is steadily solidifying. The hourly chart shows even stronger performance, as the candlestick broke through the short-term consolidation resistance, pushing the market center upward, with bullish momentum continuously being released and a clear short-term upward rhythm. In terms of strategy, it is recommended to follow the bullish trend and place long orders based on previous key support levels.

Trading Recommendations
BTC: Go long around 90,000-89,800, target around 91,500
ETH: Go long around 3,030-3,010, target around 3,150 #比特币行情观察