12.1 Bitcoin/Ether Morning Analysis

The hourly chart of Bitcoin shows a clear downward trend, with strong adjustment signals on the technical front: the moving average system is in a downward arrangement, with MA5 crossing below MA10 and MA20; prices continue to be under pressure below all moving averages, having already broken through the middle band of the Bollinger Bands and approaching the lower band; the MACD has formed a death cross and maintains a downward trend, while Ether's price has broken the key support level of 2900, with trading volume increasing simultaneously, further confirming the stability of the downward pattern.

In the sharp decline of Monday's morning session, do not blindly chase after the market. The core strategy for the day is primarily focused on laying out positions at lower levels — the key to trend reversal lies in stability signals. Currently, the bearish momentum is nearing its end, and the best time to enter short has passed! Pay attention to the performance of the support level below. After the consolidation, the overall direction still anchors the unchanged target of 97,000!

Tip:

- Bitcoin: 86000-87000 stabilizing, short-term target 90000

- Ether: Stabilizing around 2800, target 2950–3100