12.30 BTC/ETH Trend Analysis

Bitcoin experienced a technical pullback after rising to $90,400, with the lowest dip reaching around $86,800. Based on the pace of the correction, the price movement remains stable, with no signs of emotional selling, indicating a healthy retracement rather than a trend reversal.

From a capital flow perspective, there was no significant increase in selling volume during the pullback, and support at lower levels continues to exist. This suggests that the market still has a high consensus on the current price range, and the short-term bearish momentum is gradually weakening, providing the necessary conditions for the continuation of the bullish structure.

Technically, on the four-hour chart, the price quickly rebounded after touching the lower Bollinger Band, which held as support; subsequently, the price returned to the middle band of the Bollinger Bands. Notably, the key breakout level at $90,400 was not effectively broken, fitting the typical breakout–retracement–confirmation pattern, indicating that the bulls are still in a buildup phase.

BTC: Long around 86,800-86,200
Target: 88,000-89,500

ETH: Long around 2,850-2,900
Target: 2,980-3,050