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Gate Square New & Returning Creator Rewards are ongoing!
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Xiaoyao KOL: Bitcoin and Ethereum Afternoon Market Analysis 12.27
Yesterday, Bitcoin and Ethereum initially surged then pulled back, with the overall space looking very good. Currently, Bitcoin's K-line shows a consolidation pattern. On the 4-hour chart, both DIF and DEA are negative, and the MACD histogram continues to be green but is shrinking, indicating weakening buying momentum. The EMA7 has crossed below EMA30 and is well below EMA120, suggesting a short-term bearish trend, but there are signs of stabilization. The market was less volatile on Saturday, so it's advisable to take profits when the trend looks good.
Operational suggestions: Buy on dips around 86,600 to 87,200 for Bitcoin, with a target of around 88,200; buy on dips around 2,880 to 2,910 for Ethereum, with a target of around 2,960. Market conditions are constantly changing. This article is time-sensitive. Friends entering the market should follow real-time guidance.