#数字货币市场洞察 Bitcoin & Ethereum Afternoon Trend Review on 12.9
In recent days, market sentiment has clearly improved, with buying interest gradually accumulating and the market showing a distinct upward consolidation pattern. Looking at the hourly chart, the previously anticipated W-bottom pattern has played out perfectly—the price was pressured and pulled back after touching the neckline this morning, then quickly rebounded from the lower support zone, forming a clear signal of a bottom. The double bottom pattern is now confirmed.
Looking at the candlesticks, there is a clear long lower shadow at the bottom, which directly reflects the strong support at that level and indicates that selling pressure has been mostly absorbed. This pattern, combined with the volume performance, lays a solid foundation for the next rebound. Bullish signals are becoming increasingly clear.
In terms of trading strategy, rather than going against the trend, it’s better to follow it. You can build long positions in the support area, with a key focus on defending the 92,000 resistance. If volume supports a strong breakout at this level, there could be more room to the upside. Overall, the market structure remains bullish. Within this confirmed trend, maintaining patience and waiting for pullbacks to enter is a more prudent strategy.
$BTC Specific reference levels: - For Bitcoin, consider going long around 90,000, targeting 92,000
For Ethereum, specific reference levels: - For ETH, consider going long around 3,100, targeting 3,200
After a thorough bottom formation, the rebound will need time to be confirmed, but overall, the bullish outlook has already taken shape.
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ForkInTheRoad
· 12-11 20:48
If you go long at 90,000, can it really break 92,000? This wave feels like another trap to get people in.
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rekt_but_resilient
· 12-11 03:15
Another W bottom with a long lower shadow, sounds good, but I wonder if this time it will just be a scythe again.
View OriginalReply0
CoconutWaterBoy
· 12-10 16:09
Another W bottom? Bro, last time you said the W bottom was broken through directly, is this for real or not this time?
View OriginalReply0
ShibaOnTheRun
· 12-09 08:39
It's the same old talk about double bottoms and support levels... But to be fair, this rebound does look pretty good. Can 90000 really be broken through?
View OriginalReply0
SilentAlpha
· 12-09 08:39
It's the same old talk about double bottoms and reversal signals—I'm tired of hearing it, haha.
View OriginalReply0
SleepTrader
· 12-09 08:38
Here comes the double bottom story again. Every time they say the pattern is perfect—can it really break 92,000 this time? Feels like we still need to watch the trading volume.
View OriginalReply0
MetaLord420
· 12-09 08:36
Double bottom and long lower shadow again, it's making my head tingle... If only it could really rebound.
View OriginalReply0
EntryPositionAnalyst
· 12-09 08:17
It's always about double bottoms and long lower shadows—I'm getting a bit tired of hearing the same lines. Can you just be straightforward? Is the bottom stable or not?
#数字货币市场洞察 Bitcoin & Ethereum Afternoon Trend Review on 12.9
In recent days, market sentiment has clearly improved, with buying interest gradually accumulating and the market showing a distinct upward consolidation pattern. Looking at the hourly chart, the previously anticipated W-bottom pattern has played out perfectly—the price was pressured and pulled back after touching the neckline this morning, then quickly rebounded from the lower support zone, forming a clear signal of a bottom. The double bottom pattern is now confirmed.
Looking at the candlesticks, there is a clear long lower shadow at the bottom, which directly reflects the strong support at that level and indicates that selling pressure has been mostly absorbed. This pattern, combined with the volume performance, lays a solid foundation for the next rebound. Bullish signals are becoming increasingly clear.
In terms of trading strategy, rather than going against the trend, it’s better to follow it. You can build long positions in the support area, with a key focus on defending the 92,000 resistance. If volume supports a strong breakout at this level, there could be more room to the upside. Overall, the market structure remains bullish. Within this confirmed trend, maintaining patience and waiting for pullbacks to enter is a more prudent strategy.
$BTC Specific reference levels:
- For Bitcoin, consider going long around 90,000, targeting 92,000
For Ethereum, specific reference levels:
- For ETH, consider going long around 3,100, targeting 3,200
After a thorough bottom formation, the rebound will need time to be confirmed, but overall, the bullish outlook has already taken shape.