12.3 Intraday Trend Analysis


Good afternoon!
Bitcoin has once again touched the previous wave peak at the 931 area on the daily chart. Only a strong breakout from this position can lead to further increases, with the next major target at 965, and further out around 105.
However, this upward move has already been quite strong, so observe whether the price might retrace to retest this area. Those who haven't entered a position can consider waiting for the price to pull back to around 90 before considering participation. Entering a chase-buy order now is quite risky and not recommended, unless the price breaks strongly above 931, and then makes a small correction on the lower time frame—then you can consider a right-side buy, but remember to set your stop-loss carefully!
Today, focus on the important 91970 area for Bitcoin. As long as the price pulls back but does not break below this area, the uptrend remains strong with expectations to continue rising. The overhead resistance levels are 93100, 95100, and around 96587. If it breaks below 91960 today, the 1-hour chart will begin a correction, with lower support levels at around 90630, 89075, and 87590.
For ETH today, pay attention to the 3010 area. As long as the price pulls back but does not break below this, the uptrend remains solid and is expected to continue climbing, with resistance above at 3052, 3100, and 3160. If it breaks below 3010, the 1-hour time frame will begin a correction, with lower support at 2970, 2915, and 2867.
BNB
For BNB, today's focus is on the 882 area. As long as the price pulls back but does not break below this area, the uptrend remains dominant, and the price will continue to rise. The overhead resistance levels are 899 (minor resistance), 907, 916, and around 926. If it breaks below 882, the 1-hour time frame will enter a correction phase, with lower support at 868, 856, and 844.
SOL
Today, SOL should watch the important 137 area. As long as the price pulls back but does not break below this, the uptrend remains strong and is expected to continue. Resistance above is at 141 (minor resistance), 144, 148, and 152. If it breaks below 137, the 1-hour time frame will begin a correction, with lower support at 135, 133, and 130. #成长值抽奖赢iPhone17和周边 #十二月行情展望 #广场发帖领$50
BTC3.31%
ETH4%
BNB2.37%
SOL4.91%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
0/400
Cácon89vip
· 12-07 05:45
Bull Run 🐂
Reply0
GateUser-b16bc5ecvip
· 12-07 05:43
HODL chặt 💪
Reply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)