- EMA: The indicator is spreading downward, and the bearish trend remains unchanged. - Candlestick Pattern: BTC is consolidating at the bottom of the range around 85,500, showing obvious signs of bottoming out through oscillation. - Volume Indicator: MACD is shrinking while increasing volume, RSI is in the oversold zone, with no clear reversal signals. - Key Data: BTC has broken below 86,000 for the first time in two weeks, falling about 30% from early October highs. Short-term oversold conditions exist, with rebound demand present but lacking momentum.
Trading Strategies
- BTC: Go long in the 85,000-85,500 range, targeting around 88,000. - ETH: Go long in the 2,880-2,900 range, targeting around 3,000.#FHE代币剧烈波动
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12.16 Morning Market Analysis
Core Market
- EMA: The indicator is spreading downward, and the bearish trend remains unchanged.
- Candlestick Pattern: BTC is consolidating at the bottom of the range around 85,500, showing obvious signs of bottoming out through oscillation.
- Volume Indicator: MACD is shrinking while increasing volume, RSI is in the oversold zone, with no clear reversal signals.
- Key Data: BTC has broken below 86,000 for the first time in two weeks, falling about 30% from early October highs. Short-term oversold conditions exist, with rebound demand present but lacking momentum.
Trading Strategies
- BTC: Go long in the 85,000-85,500 range, targeting around 88,000.
- ETH: Go long in the 2,880-2,900 range, targeting around 3,000.#FHE代币剧烈波动