Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
12.7 Bitcoin Market Analysis Reference
Bitcoin’s intraday rebound is relatively weak. Multiple upward attempts have failed to break through the 90,000 resistance level. By the evening, bullish sentiment had weakened, and the market re-entered a correction and consolidation rhythm. As of press time, Bitcoin is trading with slight fluctuations around 89,750, overall remaining under pressure.
Recently, candlestick patterns have shown long upper and lower wicks with alternating bullish and bearish candles, reflecting market indecision and a standoff between bulls and bears. From a technical perspective, the MACD remains in negative territory and continues to decline, indicating short-term downward pressure persists; however, there are signs it may soon turn positive. Among moving averages, the 7-day MA is slightly below the 30-day MA and continues to diverge downward, suggesting a continued weak trend in the short term. Caution is advised regarding possible resistance at the moving averages during any rebound.
Notably, trading volume has increased significantly. Going forward, focus on whether the 90,000 level can stabilize. If it fails to break and hold above this level, the market is expected to continue weak consolidation. In the short term, prices may attempt to test the 90,000 level. Please be prepared in advance. The short-term upper resistance to watch is around 90,500, followed by 91,000. In terms of strategy, it is recommended to focus on shorting on rebounds.
12.7 Bitcoin Short-Term Trading Strategy Reference:
- Short entry: 90,300-91,300, defense at 93,500, stop loss: 500, target: below 89,500
- Long entry: 87,300-88,300, stop loss: 500, target: above 89,300
12.7 Ethereum Short-Term Strategy Reference:
- Short entry: 3,065-3,115, stop loss: 30 points, target: below 3,020
- Long entry: 2,981-2,931, stop loss: 30 points, target: above 3,020
There is a delay in article publication; strategy suggestions are for reference only. The market is highly volatile. No matter how confident you are in your market judgment, always set take-profit and stop-loss orders to secure profits and limit losses. #成长值抽奖赢iPhone17和周边 $$#十二月行情展望 $$$$