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Xiang Li: Early Morning of December 9 - BTC & ETH Operations and Analysis
From the hourly chart, BTC is running steadily near the mid-band of the Bollinger Bands. The three bands of the Bollinger Bands are moving sideways in sync and the opening shape has not changed, all of which undoubtedly provide favorable conditions for BTC to test new highs again. The MACD indicator's two lines have entered the strong region of the zero axis, and the shrinking sell-side momentum indicates a shift in market strength, entering the bullish territory. Meanwhile, the KDJ indicator shows a golden cross forming at the low level with all three lines diverging upward, and the J line has already entered the strong region, with bulls currently dominating the market!
For the morning, it is recommended to follow the bullish trend, buying on dips or simply going long!
BTC can go long in the range of 90,500-91,000, with a target around 92,500.
ETH can go long in the range of 3,120-3,150, with a target around 3,200.
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