Analysis Logic:

12.30 Cryptocurrency Market Bitcoin (BTC), Ethereum(ETH) Latest Market Analysis and Insights
Crypto Wave: 12.30 Bitcoin (BTC) Market Analysis Reference:
Yesterday, Bitcoin briefly surged above $90,000, testing the previous strong resistance zone, but the bullish momentum was insufficient to sustain the gains, and the price quickly retreated to the initial low point. As of press time, BTC is quoted at $87,100, with the intraday trend returning to a narrow range of 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 significant resistance. Technical indicators show that the MACD main line remains below the zero axis, maintaining a bearish pattern. The green bars have slightly narrowed, indicating a weakening of bearish momentum but no reversal signal. The KDJ indicator's three 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 indicator's three 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 back 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 sequentially. The moving average system is overall bearish, with clear resistance, and the short-term rebound rhythm has been thoroughly interrupted. On the indicator side, MACD shows increasing bearish divergence, with the fast and slow lines forming a death cross and diverging downward. DIF has crossed below zero. KDJ: K at 18.71, D at 29.41, J at -2.69, all below the 50 axis, with J in the oversold zone and continuing downward, showing no signs of reversal. Short-term downward momentum is still being released, with no clear rebound signals. Overall, the 4-hour bearish momentum has not yet ended, and the short-term trend remains bearish, with prices likely continuing to decline or consolidate at low levels.
12.30 Bitcoin Short-term Reference:
Long positions: Buy in the 85,500-86,500 range, with a stop at 84,500, target 87,500-88,500,
Short positions: Sell in the 89,500-88,500 range, with a stop at 90,500, target 87,500-86,500,

12.30 Ethereum Short-term Reference:
Long positions: Buy in the 2,870-2,900 range, with a stop at 2,800, target 2,950-3,000,
Short positions: Sell in the 2,985-3,015 range, with a stop at 3,200, target 2,950-2,900,
Timeliness of article delivery may be delayed. The views expressed are personal opinions only and for reference purposes. 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, ride the waves in the ocean of investment, and harvest wealth and growth!!