Saturday, 12.20 Bitcoin and Ethereum Evening Analysis



Currently, trading activity within the market is relatively sparse on an hourly basis, with limited daily volatility, consistent with the subdued atmosphere of Saturday markets. The Bollinger Bands continue to show convergence, indicating a low likelihood of the market breaking out of the current range in the short term, and there is a risk of a downward breakout. Investors are advised to remain cautious and avoid impulsive market entries.

For traders eager to make transactions, a strict buy high, sell low strategy should be adopted, focusing on short-term operations, and ensuring light positions with stop-loss orders to prevent losses from trend reversals.

Bitcoin recommendation: 89000-88500 Target: 87300

Ethereum recommendation: 3020-2980 Target: 2935
BNB0.81%
ETH1.35%
BTC0.52%
View Original
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)