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12.27 Li Yao Bitcoin and Altcoin Morning Analysis
The 1-hour timeframe shows a gradual upward movement from lows, with rebound momentum continuously releasing. Trading volume is also picking up, indicating that the bulls currently hold a certain degree of initiative. However, it is approaching a key resistance zone; to further expand the upward space, it is necessary to observe whether trading volume can continue to increase to confirm the continuation.
In terms of operation, consider placing buy orders around the 87000-86500 range, with targets set at 89000-90000.
Ethereum can be traded around the 2860-2890 range, with targets near 2990-3050.