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BTC & ETH Afternoon Trading Suggestions and Future Trend Analysis: As of 12/8, the current market is exhibiting a typical range-bound pattern, with prices fluctuating between the key support level at (89012USDT) and the resistance level at (93915.7USDT). Market momentum has significantly weakened. From a technical perspective, although a recent bullish engulfing pattern has appeared and prices are above both short-term and long-term moving averages, the moving averages are entangled, indicating a lack of strong trend and clear market direction. Additionally, insufficient trading volume further weakens the effectiveness of technical signals.
Currently, the market is in a range-bound pattern, with prices finding support near the strong 89012 USDT support level. The recent bullish engulfing pattern suggests there may be rebound potential in the short term, so adopting a buy-on-dip strategy near the support level is a reasonable choice.
Xiaoma’s afternoon suggestion: focus mainly on buying on dips:
BTC can be bought near 90000-90500, with a target of 92000-92500;
ETH can be bought near 3080-3100, with a target of 3180-3260.
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