#BTC Evening Analysis of BTC/ETH Market on December 9
Currently, the 1-hour chart has entered a "shrinking volume, narrow range oscillation" mode: prices continue to grind along the lower edge of the mid-range, volatility is tightening, market sentiment is highly wait-and-see, and short-term momentum appears somewhat lacking.
However, the long lower shadows on the candlesticks are a good sign—this indicates there is strong support below, selling pressure has been fully released, and the "energy bar" for a subsequent rebound is almost fully charged~
Key points for trading strategy:
1. Signal anchoring: Use a valid breakout of key resistance as the confirmation basis for a trend reversal; 2. Current strategy: Before direction becomes clear, treat it as "range-bound oscillation" and follow the trend once the market structure is clearer.
Trading Recommendations
• BTC: Buy near 89,800, target 92,000 • ETH: Buy near 3,050, target 3,400
Want to keep up with real-time moves? Follow Gongzhonghao: Achi Li#美联储降息预测
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#BTC Evening Analysis of BTC/ETH Market on December 9
Currently, the 1-hour chart has entered a "shrinking volume, narrow range oscillation" mode: prices continue to grind along the lower edge of the mid-range, volatility is tightening, market sentiment is highly wait-and-see, and short-term momentum appears somewhat lacking.
However, the long lower shadows on the candlesticks are a good sign—this indicates there is strong support below, selling pressure has been fully released, and the "energy bar" for a subsequent rebound is almost fully charged~
Key points for trading strategy:
1. Signal anchoring: Use a valid breakout of key resistance as the confirmation basis for a trend reversal;
2. Current strategy: Before direction becomes clear, treat it as "range-bound oscillation" and follow the trend once the market structure is clearer.
Trading Recommendations
• BTC: Buy near 89,800, target 92,000
• ETH: Buy near 3,050, target 3,400
Want to keep up with real-time moves? Follow Gongzhonghao: Achi Li#美联储降息预测