12.12BTCÐ Early Morning Prediction and Analysis

BTC primarily fluctuates between 89200–90600 in the early morning; a break below 89000 indicates further weakening. ETH experiences a short-term oversold rebound but faces resistance, likely trading weakly between 3155–3210 in the early morning, with rebound strength suppressed by overhead pressure.

1. BTC
The intraday low dipped to 89200, currently rebounding to 89982. The rebound momentum is gradually weakening, lacking sustained upward strength.
Resistance levels: First resistance at 90000 (integer threshold), second resistance at 90600 (intraday rebound high on the chart); support levels: first support at 89800 (short-term rebound neckline), strong support at 89200 (intraday low).
The candlestick shows an “abrupt decline followed by gradual rise” pattern. After an oversold rebound, buying follow-through is insufficient, indicating a weak correction structure.
Early Morning Trend Prediction:
- Mainly Consolidation: The early market is quiet, BTC likely to fluctuate narrowly between 89200–90600, with bulls and bears temporarily balanced.
- Breakout Possibility: To go upward, volume must pick up to stabilize above 90600 to test 91000, which is less probable; a breakdown below 89200 could target 88800–89000.
Operational Reference: Try long positions lightly around 89200-89800 with stop-loss at 88800 and take profit at 90600-91000; try short positions lightly around 90600-91000 with stop-loss at 91500 and take profit at 89600. If price breaks below 89000, consider shorting towards 88500; if it breaks above 91000, observe without chasing highs.

2. ETH
The intraday low dipped to 3143, currently rebounding to 3186. After touching around 3200, it faced resistance and pulled back, with significant selling pressure above.
Resistance levels: First resistance at 3200, second resistance at 3214;
Support levels: First support at 3180 (short-term rebound neckline), strong support at 3143. Volume shows that the rebound from the bottom is shrinking, and this oversold rebound does not indicate a trend reversal, highlighting weak characteristics.
Early Morning Trend Prediction:
- Mainly Consolidation: ETH is likely to trade weakly between 3155–3210, with difficulty breaking through the key resistance at 3214.
- Breakout Possibility: Volume confirming a move above 3214 could attempt toward 3220–3230, which is less probable; if it drops below 3180, it could revisit 3143, breaking down to 3120–3130.
Operational Reference: Try long positions lightly around 3155-3180 with stop-loss at 3140 and take profit at 3210; try short positions lightly around 3195-3214 with stop-loss at 3225 and take profit at 3190. If it breaks below 3143, consider shorting toward 3120; if it breaks above 3214, observe without chasing.