The BTC long position at 8.8 given at noon yesterday performed well, successfully retracing to the entry point and rebounding to as high as the 9.2 range, securing a gain of 4,000 points.
Looking at the daily K-line, Bitcoin has risen for two consecutive days, and the price is now stuck near the key resistance level of the daily MA30 at 9.24. This line is critical—if it breaks, the uptrend continues; if not, expect some consolidation and adjustment. In the short term, just focus on how this line performs: if it can hold above, the rebound continues; if not, another pullback may be needed. Watch the 9.1 level as key support below.
Ethereum's situation is similar. The daily trend is as previously analyzed, and now it is testing the daily MA256 resistance at 3190. A breakout here could establish a bullish upward trend; if the attempt fails, expect a minor pullback before gathering momentum again. Also, the 4-hour MA256 is around 3250, so keep an eye on that level as well.
Midday trading ideas (as of 18:00):
BTC: Long positions around 9.1, add on a retrace to the 90,000 level, with targets at 9.25 and 9.35. Light short positions between 9.35-9.45, looking for a 1,000-2,000 point pullback.
ETH: Long positions near 3100, add on a retrace to 3030, with targets at 3180 and 3250. Add shorts between 3200-3280, looking for a 600-1,000 point swing.
Technical analysis is not easy. If you find this helpful, feel free to follow, bookmark, or like. Discussion and comments are welcome in the comments section $BTC $ETH $SOL
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WalletDoomsDay
· 12-11 07:38
It's the MA30 again. How many times does this line need to be broken to finally settle down... Yesterday's order was really smooth, but right now at 9.24, it's a bit laggy.
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MetaverseHomeless
· 12-11 06:23
If the 9.24 line can't be broken, I have to wait, anyway, I'm not in a hurry to get on the bus
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Degen4Breakfast
· 12-10 19:50
The 9.24 line really can't hold, I feel like I need to try 9.1 again.
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NftRegretMachine
· 12-08 10:30
Is the 9.24 line really that magical? I feel like it's stuck at a key position every single day...
View OriginalReply0
ForumLurker
· 12-08 10:30
The 9.24 line is really tough to break, we basically gave away those 4000 points yesterday.
View OriginalReply0
MeaninglessGwei
· 12-08 10:30
That 9.24 hurdle really can't hold, it pulls back as soon as it's touched. Should have just held at 9.1.
View OriginalReply0
DYORMaster
· 12-08 10:29
The 9.24 line is really crucial. If it can't be broken, there will be repeated attempts. This round really needs to hold 9.1.
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LiquiditySurfer
· 12-08 10:23
The line at 9.24 is really holding tightly; it all depends on whether it can break through... Honestly, it's still an issue of liquidity depth. If it can't break, it just means the stack of positions is too thick.
View OriginalReply0
ApeWithNoChain
· 12-08 10:16
Whether the 9.24 barrier can be broken will directly determine whether things will be smooth or if we'll get trapped later. Feels like we need to keep a close eye on it.
View OriginalReply0
BearMarketSage
· 12-08 10:15
This resistance level at 9.24 is indeed a bit tough; we might need another round of consolidation before making a move.
#美SEC促进加密资产创新监管框架 December 8 Market Review and Outlook
The BTC long position at 8.8 given at noon yesterday performed well, successfully retracing to the entry point and rebounding to as high as the 9.2 range, securing a gain of 4,000 points.
Looking at the daily K-line, Bitcoin has risen for two consecutive days, and the price is now stuck near the key resistance level of the daily MA30 at 9.24. This line is critical—if it breaks, the uptrend continues; if not, expect some consolidation and adjustment. In the short term, just focus on how this line performs: if it can hold above, the rebound continues; if not, another pullback may be needed. Watch the 9.1 level as key support below.
Ethereum's situation is similar. The daily trend is as previously analyzed, and now it is testing the daily MA256 resistance at 3190. A breakout here could establish a bullish upward trend; if the attempt fails, expect a minor pullback before gathering momentum again. Also, the 4-hour MA256 is around 3250, so keep an eye on that level as well.
Midday trading ideas (as of 18:00):
BTC: Long positions around 9.1, add on a retrace to the 90,000 level, with targets at 9.25 and 9.35. Light short positions between 9.35-9.45, looking for a 1,000-2,000 point pullback.
ETH: Long positions near 3100, add on a retrace to 3030, with targets at 3180 and 3250. Add shorts between 3200-3280, looking for a 600-1,000 point swing.
Technical analysis is not easy. If you find this helpful, feel free to follow, bookmark, or like. Discussion and comments are welcome in the comments section $BTC $ETH $SOL