Bitcoin has formed a bearish converging triangle on the one-hour chart and is currently attempting a breakout. The one-hour trading volume appears bullish, but Bitcoin’s price action is far less strong than Ethereum’s. It has been in a downtrend with decreasing volume, and without any significant positive catalysts, it will be difficult to break through the downtrend line. After a possible false breakout, a decline may begin. Overall, Bitcoin is relatively bearish. For long positions, Ethereum should be prioritized, and for short positions, consider Bitcoin. #十二月行情展望
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.
Bitcoin has formed a bearish converging triangle on the one-hour chart and is currently attempting a breakout. The one-hour trading volume appears bullish, but Bitcoin’s price action is far less strong than Ethereum’s. It has been in a downtrend with decreasing volume, and without any significant positive catalysts, it will be difficult to break through the downtrend line. After a possible false breakout, a decline may begin. Overall, Bitcoin is relatively bearish. For long positions, Ethereum should be prioritized, and for short positions, consider Bitcoin. #十二月行情展望