12.9 Early Morning BTC/ETH Latest Analysis


BTC's Bollinger Band middle band has shifted from support to strong resistance. Currently below the middle band and close to the lower band, the Bollinger Bands are narrowing downward, indicating a likely dip in the short term.

On the MACD indicator, after the DIF and DEA formed a death cross, both continued downward, with bearish momentum increasing.

On the 1-hour chart, the trend has already formed a bearish reversal. If the price cannot quickly reclaim the Bollinger Band middle band in the short term, there is a high probability it will test lower levels.

BTC: Can consider shorting near 91000, with targets at 90000-88500
ETH: Can consider shorting near 3165, with targets at 3090-2900
BTC0.78%
ETH2.57%
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