12.11 BTC Midday Analysis

Based on Bollinger Band indicators and support and resistance at high and low points, BTC and ETH can operate long and short positions around the rebound zone after touching the bottom during the midday session. It is necessary to strictly rely on key price levels to set stop-losses.

1. BTC

1. Long Entry Zone
- Entry Range: 89,700 - 90,000
This range is supported by the lower band (89,739.4) and the middle band (90,071.9) of the Bollinger Bands, and the early morning low of 89,321.0 forms a short-term double bottom, making it a good buy zone for longs.
- Stop-loss: Break below 89,300 (below the early morning low)
- Targets: First target 90,400 (upper Bollinger Band), second target 91,000

2. Short Entry Zone
- Entry Range: 90,400 - 90,700
90,400 is the resistance at the upper Bollinger Band. If the rebound fails to break through this zone effectively, it indicates short-term resistance for short positions.
- Stop-loss: Break above 91,000
- Targets: First target 90,000 (middle Bollinger Band), second target 89,700

2. ETH

1. Long Entry Zone
- Entry Range: 3,180 - 3,200
This zone supports the early morning low of 3,166.01 and is near the key support at the middle Bollinger Band, making it a good area to enter long positions on a pullback.
- Stop-loss: Break below 3,160 (below the early morning low)
- Targets: First target 3,250, second target 3,300

2. Short Entry Zone
- Entry Range: 3,250 - 3,280
This zone served as a stage of resistance during the previous pullback. If the rebound cannot break through this area, it forms a shorting opportunity.
- Stop-loss: Break above 3,300
- Targets: First target 3,200, second target 3,180

3. Trading Reminder

Both BTC and ETH show a rebound after touching the bottom during the midday session, with weak bullish and bearish momentum. Trading should be done with small positions and strict stop-losses to avoid losses caused by false breakouts in the range.