#数字资产生态回暖 Market Observation Notes: 12.11 $BTC $ETH Volatility and Key Support Battle

Bitcoin's recent movement has been interesting. The daily chart shows two consecutive attempts to break above 9.45 without success, followed by a downward trend. The price has now broken below all key daily moving averages. The crucial point is whether the 4-hour MA120 can hold the 8.95 support line. If it breaks, the short-term downside momentum will continue. Looking at the 1-hour chart, the price has fallen below the MA256 at 9.05, which now acts as the battle line between bulls and bears. Expect repeated struggles around this level.

Ethereum's situation is similar. After breaking above the MA60 on the daily chart, it started to retreat. Currently, it is testing the 3200 level on the daily MA256. This level is critical and serves as the dividing line between short-term bulls and bears. On the 4-hour chart, it has already fallen below the MA256 at 3220. If it continues to lose this support, the next focus will be whether the 1-hour MA256 at 3080 can hold.

Midday Trading Ideas (as of 13:00):

$BTC: Consider long positions around 8.95. Add to positions if it drops to 8.8, with targets of 9.1-9.2. If it surges above 9.1-9.2, be alert to a potential pullback of 100-200 points.

$ETH: Long at 3155, with an opportunity to add if it pulls back to 3080. Target 3200-3250. If it directly surges to 3260-3350, watch out for a retracement of 6-100 points.

The market is seeking direction through these fluctuations. The key to judging the rhythm lies in the gain or loss of critical support and resistance levels.