Bitcoin's 4H ascending wedge pattern is clear, with highs and lows moving upward, showing convergence. The support in the 88000-89000 range remains stable and unbroken. On the 4H MACD, green bars below the zero line are expanding, DIF/DEA are diverging downward, RSI has fallen back from overbought to around 40, and a break below the lower boundary could open up downside space.
Trading Suggestions: Short BTC near 92500-93000 on rebound, target 91000-90000
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December 12 Morning BTC/ETH Market Analysis
Bitcoin's 4H ascending wedge pattern is clear, with highs and lows moving upward, showing convergence. The support in the 88000-89000 range remains stable and unbroken. On the 4H MACD, green bars below the zero line are expanding, DIF/DEA are diverging downward, RSI has fallen back from overbought to around 40, and a break below the lower boundary could open up downside space.
Trading Suggestions: Short BTC near 92500-93000 on rebound, target 91000-90000
ETH short near 3250-3280, target around 3180-3120