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December 13th midday Bitcoin and Ethereum trading suggestions and outlook
From the current market situation, on the 1-hour timeframe, Bitcoin experienced a strong decline last night to the support level. After successfully holding the support, it is now in a consolidation phase. The market shows a pattern of mixed bullish and bearish signals, developing in a regular manner without significant volatility, which is consistent with typical weekend trading behavior. From a technical indicator perspective, the Bollinger Bands show signs of convergence, the KDJ has a dead cross at high levels, RSI is neutral to weak, and MACD indicates bullish momentum. In the short term, there is some downside pressure, but the medium to long-term upward trend remains intact. It is recommended to adopt a wait-and-see approach, monitor the validity of the 89,000 support level, and if broken, the downside space opens up. If the price stabilizes around 90,000, a light position can be tried. #BTC #ETH