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12.22 Monday Bitcoin Ethereum morning analysis
In yesterday's market, Bitcoin showed signs of stabilization around 87500, and then the price continued to rise, reaching a high of 89600 at one point. From the technical analysis of the daily chart, it has recorded bullish candles for three consecutive days, indicating that bullish momentum is gradually strengthening, and the overall trend is developing upward.
On the four-hour level, although trading volume has decreased, the candlestick still closed with a bullish line, and the KDJ indicator continues to run upward after forming a golden cross at a low level. In the hourly chart, the bullish line has broken through the mid-track with increasing volume, and all periodic moving averages show a bullish arrangement. Based on the above analysis, we can conclude that the current market trend is still dominated by bulls.
Bitcoin recommendation: 89500-89900 currently 88000
Ethereum recommendation: 3080-3100 Target 2900
#BTC #ETH #BNB