December 13 Bitcoin Market Analysis and Reference

Bitcoin overall maintained a rebound and pullback trend yesterday. The price stayed above the 90,000 support level, undergoing sideways consolidation. In the early morning hours, the rebound continued until evening when influenced by news, causing the price to face pressure and retreat. Currently, the price is around d9dvn. The daily chart still shows weak consolidation, with the intraday trading range continuously shrinking. If the price breaks below the short-term support at 89,000 again, it is expected that the market will test lower levels. Weekend trading is expected to continue with a volatile rhythm, so members are advised to prepare accordingly.

On the short-term 4-hour chart, the current price has rebounded and then fallen back. Around 92,630, a long upper shadow combined with a large bearish candle indicates significant resistance signals. The daily chart has closed below the EMA7 for three consecutive trading days, showing an initial downward trend pattern. Although the 1-hour chart formed a double bottom in the 89,688-90,617 range, the overall trend remains constrained by upward resistance.

Technical indicators further confirm the weakness: the 4-hour MACD DIF has crossed below zero (currently at -98). The daily MACD histogram has shrunk for six consecutive days, but the price has broken below all moving averages including EMA7, 30, and 120, with short, medium, and long-term EMAs diverging in a bearishly aligned manner. Currently, the cycle trend remains weak.

Therefore, the weak volatile pattern is expected to continue. There is a risk of a retrace to lower supports intraday. Trading strategies suggest mainly shorting on rebounds.

December 13 Bitcoin short-term trading ideas:
- Enter short at 92,300-93,000, with a stop-loss at 95,500, aiming for below 91,500.
- Enter long at 88,300-87,300, with a stop-loss at 500, aiming for above 89,500.

December 13 Ethereum short-term strategy reference:
- Light short at 3,195-3,145, with a 30-point stop-loss, targeting below 3,190.
- Long entry at 2,981-3,031, with a 30-point stop-loss, targeting above 3,080.

Please note that there may be delays in article dissemination. Strategies are for reference only. The market is highly volatile; regardless of confidence in market judgment, always manage your take-profit and stop-loss to secure gains. Play it safe.

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