Bihai Zhulang: 12.4 Latest Market Analysis Reference for Bitcoin (BTC), Ethereum (ETH), News Interpretation, and Trading Suggestions

Bihai Zhulang: 12.4 Bitcoin (BTC)) Market Analysis Reference:
Yesterday, Bitcoin continued its previous rebound trend, with the price showing a volatile upward movement. After approaching the 94,000 mark, the market entered a correction phase, and the current price is consolidating sideways below 93,000. From the daily chart perspective, the technicals show a "rebound supported but upward momentum blocked" feature: consecutive bullish candles with long upper wicks indicate short-term rebound momentum as well as significant selling pressure at higher levels. The Bollinger Bands are narrowing, with the MA5 and MA10 moving averages slightly trending upward, providing some short-term support for the rebound. This wave of rebound may be a technical correction driven by the previous double-bottom structure. However, the MA30 moving average continues to trend downward, clearly suppressing the price and indicating that key market selling pressure has not yet dissipated, limiting the rebound space for now. If the price fails to effectively break through the 93,000-94,000 resistance zone in the short term and cannot hold above the MA30, it is highly likely to trigger a staged pullback.

Looking at the short-term hourly chart, the 4-hour Bollinger Bands are expanding, and the price previously broke above the middle band with strong bullish candles and stabilized. After approaching the 94,000 line, two consecutive bearish candles appeared, with long doji wicks, indicating obvious selling pressure above. The KDJ is contracting, and the MACD lines have crossed above the zero axis but the histogram is gradually shrinking, showing that the bullish trend is weakening. It is expected that the short-term consolidation will continue, with some correction needs. The intraday trading suggestion is to focus on shorting at highs and buying at lows.

Bihai Zhulang: 12.4 Bitcoin Short-term Reference:
Long: Buy in the 91,000-91,500 range, stop loss at 90,000, target 92,000-93,000. If it breaks, look for 94,000-95,000.
Short: Sell in the 96,000-95,000 range, stop loss at 97,000, target 94,500-93,500.

Bihai Zhulang: 12.4 Ethereum Short-term Reference:
Long: Buy in the 2,950-3,000 range, stop loss at 2,900, target 3,100-3,200.
Short: Sell in the 3,180-3,220 range, stop loss at 3,300, target 3,100-3,050.

There may be a delay in article delivery; this is time-sensitive content and represents personal views for reference only. Please do not trade blindly! I hope everyone can stick to their principles in investing, stay rational and calm no matter how the market changes, seize opportunities, make well-timed decisions, and ride the waves in the ocean of investment to achieve both wealth and growth!!!#BTC #ETH #SOL