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12.26 Saturday Bitcoin and Ethereum Midday Analysis
Bitcoin, after touching the support level, has entered a consolidation phase. The 4-hour chart shows that the price rebound is resisted by the middle band of the Bollinger Bands. In the short term, the bulls are in control, but it is approaching a key resistance area above. To further expand the upward space, an effective breakthrough of the resistance level is needed; otherwise, the market may continue to fluctuate within the range.
Bitcoin recommendation: 87,700-88,000 Target: 86,500
Ethereum recommendation: 2,960-2,980 Target: 2,860
#BTC #ETH #BNB