Crypto Ocean Surging: 12.30 Cryptocurrency Market Bitcoin (BTC), Ethereum (ETH) Latest Market Analysis and Insights

Crypto Ocean Surging: 12.30 Bitcoin (BTC) Market Analysis Reference:
Yesterday, Bitcoin briefly surged past the $90,000 mark, testing the previous strong resistance area. However, the bullish momentum was insufficient to sustain the gains, and the price quickly retreated to the starting low point. As of press time, BTC is quoted at $87,100, with the intraday trend returning to a narrow range consolidation.
On the daily chart, the price surged and then fell back, forming a long upper shadow, indicating clear selling pressure above. The Bollinger Bands continue to narrow, with the upper band moving down and the lower band supporting higher, further compressing the trading range. The price has fallen back below the middle Bollinger Band and is trading below all EMA lines, showing a significant bearish pressure.
In terms of technical indicators, the MACD main line remains below the zero axis, indicating a bearish trend. The green bars have slightly narrowed, suggesting a weakening of bearish momentum but no reversal signal. The KDJ indicator lines are below the 50 neutral axis, with K at 31.44, D at 39.57, and J at 15.18, with the J line turning downward, indicating short-term rebound momentum has exhausted. The RSI lines are also below 50, with overall weak bullish strength, continuing the weak consolidation pattern.
From the short-term hourly chart extending to the 4-hour level, after a surge, a large bearish candle quickly fell from the upper Bollinger Band and broke through the middle band. Meanwhile, the 7-day moving average turned downward from a high point, crossing below EMA15, EMA20, and EMA30. The moving average system is predominantly bearish, with clear resistance, and the short-term rebound rhythm has been completely interrupted.
On the indicator front, MACD shows increasing bearish volume, with the fast and slow lines forming a death cross and diverging downward. The DIF has crossed below zero. The KDJ indicator shows K at 18.71, D at 29.41, and J at -2.69, all below the 50 axis, with J in the oversold zone and continuing downward, showing no signs of reversal. The short-term downward momentum is still being released, with no clear rebound signals.
Overall, the bearish momentum on the 4-hour chart has not yet ended, and the short-term trend remains bearish. The price is likely to continue weak downward movement or consolidate at low levels.
Crypto Ocean Surging: 12.30 Short-term Bitcoin Reference:
Long positions: Buy in the 85500-86500 range, stop-loss at 84500, target 87500-88500
Short positions: Sell in the 89500-88500 range, stop-loss at 90500, target 87500-86500
Crypto Ocean Surging: 12.30 Short-term Ethereum Reference:
Long positions: Buy in the 2870-2900 range, stop-loss at 2800, target 2950-3000
Short positions: Sell in the 2985-3015 range, stop-loss at 3200, target 2950-2900
The article is time-sensitive and may experience delays. The personal opinions expressed are for reference only. Do not operate blindly! I hope everyone can stick to their principles regardless of market fluctuations, stay rational and calm. Seize opportunities, make precise decisions, and ride the waves in the ocean of investment to harvest wealth and growth!!!)#BTC