Thursday Night Market Observation:



From a higher timeframe, Bitcoin's Bollinger Bands are gradually moving downward, and the MACD indicator is weakening, but the volume bars are still moderately expanding. The KDJ is gradually bottoming out. Switching to the hourly chart, the situation is different—the Bollinger Bands have opened downward, the MACD bars are diminishing, but the KDJ shows signs of a rebound, which is interesting.

Short-term trading suggestions:

Bitcoin is facing resistance around 90500-91000. If it cannot hold, the next key area to watch is between 89400-88400. If Ethereum encounters resistance near 3210-3230, the target drops to 3160-3130.

Currently, focus on the Federal Reserve's policy expectations and their impact on the market. In this macro context, technical performance is more worth paying attention to.
BTC0.76%
ETH-2.81%
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LazyDevMinervip
· 12-11 11:17
Bollinger Bands are moving downward with MACD weakening. The hourly chart shows some signs of a rebound. This wave is really uncertain.
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DegenWhisperervip
· 12-11 11:13
The Bollinger Bands are moving downward again, I’m familiar with this trick. The hourly chart shows a rebound signal, but it still feels fake. The Fed’s move really can determine life or death.
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MetaMuskRatvip
· 12-11 11:12
The Bollinger Bands are narrowing and moving downward again—it's the same old trick. It seems like the Federal Reserve will continue to stir things up this time.
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AirdropworkerZhangvip
· 12-11 11:05
The Bollinger Bands are tightening again. Is this wave going to fall? It seems like we still need to see how the Federal Reserve handles things. If Bitcoin can't hold above 90,000 dollars, it's really going to be panic time.
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SeasonedInvestorvip
· 12-11 10:58
The hourly chart KDJ rebound is quite interesting, but we still need to see how the Federal Reserve plays this hand.
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BlockchainArchaeologistvip
· 12-11 10:51
The Fed's move indeed causes disruption. The hourly KDJ rebound is quite interesting, and there might be repeated tests of the support level.
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