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📅 Event Duration: Dec 10 08:00 - Dec 21 16:00 UTC
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#加密生态动态追踪 【December 12 Friday Market Review】
Bitcoin has completed a classic U-shaped reversal on the hourly chart—U.S. stocks opened with a sharp plunge, briefly dropping to around 89200, which was quite alarming, but then rebounded during the midnight session, pushing up to test the 93500 level. Currently, the price is fluctuating around 92500, with bulls and bears vying for dominance.
Looking at the 4-hour chart for a clearer picture: two consecutive bullish candles have already stabilized above the middle band, and the KDJ indicator has also issued a standard golden cross signal, indicating that the rebound momentum is not weak.
Ethereum is fluctuating around 3230, with the rhythm roughly synchronized with Bitcoin.
**Technical Analysis Recommendations**
$BTC: In the short term, focus on resistance at 93000-93200, with a downside target of 91800.
$ETH: 3280-3300 is a key resistance level; if broken, watch for support at 3150.
The market still follows the old logic—obvious resistance above, but clear technical rebound signals. Patience is advised until a breakthrough at key levels is confirmed.