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Morning Bitcoin and Ethereum Operation Suggestions and Direction Sharing on December 8
The bullish idea from early morning has once again been validated. The price action precisely reached our target points. We suggested entering long positions for Bitcoin around 89,100 and for Ethereum around 3,060. Bitcoin gained over 2,400 points, while Ethereum gained more than 63 points. From the current market view, the 1-hour chart shows that after breaking above the upper Bollinger Band, Bitcoin is now operating above the middle band, and the trend remains upward. The moving averages are arranged in a bullish pattern, the overall upward channel is intact, and in the short term, there is still some consolidation for further accumulation, preparing for the next rebound. Therefore, our main strategy will be to go long on pullbacks.
Bitcoin: Long around 89,500 to 90,000, target 92,000
Ethereum: Long around 3,050 to 3,020, target 3,160
#BTC #ETH