#BTC 12.10 Morning Brief|BTC and ETH remain strong with consecutive bullish candles! Clear buying opportunities identified, target levels locked in.



Key takeaway: The daily uptrend channel is rock solid. After a short-term consolidation, further gains are expected. Buying on dips is the best strategy; be cautious chasing highs!

I. Market Core Insights
• Trend Assessment: The market sentiment is strong. BTC and ETH have posted consecutive daily gains, moving powerfully along the upper Bollinger Band with solid volume support. The uptrend structure is intact, with over an 80% probability of continued rise!
• Short-term Rhythm: After a surge on the 1-hour chart, the market is now undergoing normal consolidation; there’s still room for the Bollinger Band to expand. Although the KDJ indicator shows overbought conditions—meaning minor pullbacks and volatility are possible—if volume contracts during consolidation, selling pressure remains limited and another breakout is likely after adjustment. If the current range is broken with increased volume, there’s even more upside potential!

II. Trading Recommendations

BTC
• Long entry range: Around 91,500 - 92,000
• Target levels: First target 93,000; second target 94,000

ETH
• Long entry range: Around 3,230 - 3,260
• Target levels: First target 3,320; second target 3,400
BTC0.94%
ETH-0.6%
View Original
post-image
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 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)