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Gate Square New & Returning Creator Rewards are ongoing!
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Xiaoyao KOL: Bitcoin and Ethereum Evening Market Analysis 12.29
In the afternoon, Bitcoin and Ethereum moved higher, with some room gained so far. Currently, on the 4-hour K-line chart, the DIF has crossed above DEA to form a golden cross, and the MACD histogram is positive, indicating that the short-term buying momentum is beginning to recover with potential for a rebound. Currently, the MACD indicator shows decreasing buying volume, but the middle band of the Bollinger Bands provides support for the price. At present, both Bitcoin and Ethereum are in a short-term consolidation phase. It is recommended to buy on dips in the evening.
Operational suggestions: Buy Bitcoin around 86,800 to 87,300, with a target of around 89,500; buy Ethereum around 2,900 to 2,940, with a target of around 3,030. Market conditions are constantly changing. The article is time-sensitive. Friends entering the market should focus on real-time guidance.