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12.10 Early Morning BTC/ETH Latest Analysis
BTC previously completed a V-shaped reversal, with the 4-hour K-line continuously closing bullish and breaking through the previous consolidation range. Highs keep refreshing, and both technical indicators and structural patterns point to the continuation of a bullish trend. There is a high probability of further upward movement along the upper band of the Bollinger Bands.
The MACD indicator shows the DIF line crossing above the DEA line to form a golden cross, and the MACD histogram continues to print bullish bars, indicating a very clear short-term bullish signal. We still look to go long on pullbacks.
BTC: Consider going long around 92600-93400, with a target of 94300-95200. If it breaks through, look for 97000.
ETH: Consider going long around 3290-3320, with a target of 3370-3450. If it breaks through, look for 3600.