12.11 Afternoon BTCÐ Forecast and Analysis

BTC Trend Analysis

1. Intraday Basis: BTC dropped from 94443.7 to 89321.0, a decline of over 5000 points. In the afternoon, it oscillated and rebounded around 90000, finally closing at 90258.5. The bearish momentum weakened at lower levels, but the rebound was relatively weak.
2. Evening Possibilities
- Mainly Consolidation: Unless there is unexpected news, it is highly likely to trade within a narrow range of 89500 - 90500. The support at 89321.0 is short-term support, and the resistance at 90500 is short-term resistance.
- Breakout Scenario: If it falls below 89321.0, it may further explore the 88000 - 89000 range; if it breaks through 90500 and stabilizes, it may test the resistance levels at 91000 - 91500.

ETH Trend Analysis

1. Intraday Basis: ETH dropped from 3446.12 to 3165.0, similarly oscillated and rebounded at lower levels in the afternoon, closing at 3194.62. The trend is highly correlated with BTC, with insufficient momentum for a strong rebound after the decline.
2. Evening Possibilities
- Correlated Oscillation: Most likely to follow BTC's rhythm, oscillating within 3165 - 3200. The support at 3165 is a short-term key support, and 3200 is a short-term resistance.
- Breakout Scenario: If it falls below 3165, it may explore the 3100 - 3150 range; if it breaks through 3200, it may attempt to push higher towards 3220 - 3250.

Cryptocurrency markets are extremely volatile. Sudden negative/positive news or large capital movements can change the trend. The above analysis is based solely on intraday candlestick technical analysis and does not constitute investment advice.