12.8 The pancake once again inserted the needle to probe the bottom, the bears are done, and the bulls are about to counterattack?
Currently, the market has stabilized in the range of 88000 to 89000. Tonight, it once again inserted the needle to probe the bottom at the 87600 line, quickly rebounding after hitting the bottom, and currently remains bullish. The 4-hour chart reached the bottom support, while the daily chart shows that the bottom is forming. As time goes by, the bearish momentum is about to be exhausted and has transformed into a bullish trend. So, it's time to calmly wait for Monday's volume surge.
The overall Ethereum market has once again retested the support near 2900, closing with a long lower shadow. This position is basically the bottom. In the future, even if it falls, it won't drop much. Currently, there is a lack of a catalyst for a surge. Just wait for Monday's breakout with volume. For friends who have not had ideal operations in the recent market, consult btc0796 to find me and discuss the market together.
Operation suggestions:
BTC 88500-89000 go long, target looking at 92000 - 94000 stop loss 87500
ETH 2950-3000 go long, target looking at 3250 - 3350 stop loss 2900
