12.18 Thursday Bitcoin and Ethereum Morning Analysis
Currently, the market analysis shows that within the four-hour timeframe, the market has retreated back into the narrow fluctuation range formed during the day. Although there was a strong rally during the night session, it quickly retraced to the initial level, causing losses for both bulls and bears. The current bearish forces are dominant, with the MACD indicator below the zero line forming a golden cross, and the green momentum bars continuously shrinking. However, the short-term bearish trend remains significant.
On the shorter one-hour chart, the Bollinger Bands are opening downward, indicating potential space below. Bearish momentum continues to strengthen, and the market shows a series of downward candles with a one-way decline trend.
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12.18 Thursday Bitcoin and Ethereum Morning Analysis
Currently, the market analysis shows that within the four-hour timeframe, the market has retreated back into the narrow fluctuation range formed during the day. Although there was a strong rally during the night session, it quickly retraced to the initial level, causing losses for both bulls and bears. The current bearish forces are dominant, with the MACD indicator below the zero line forming a golden cross, and the green momentum bars continuously shrinking. However, the short-term bearish trend remains significant.
On the shorter one-hour chart, the Bollinger Bands are opening downward, indicating potential space below. Bearish momentum continues to strengthen, and the market shows a series of downward candles with a one-way decline trend.
Bitcoin recommendation: 86400-86800 Target: 84000
Ethereum recommendation: 2870-2900 Target: 2700
#BTC #ETH #BNB