#BTC 12.20 Midnight Bitcoin and Ethereum Market Analysis and Trading Suggestions

From the current chart, the market has gradually shown clear signals of bullish momentum and accumulation for an upward move. On the 4-hour chart, although the price briefly broke above the upper band and then faced resistance and pulled back, the upper and lower shadows of the candlesticks lengthened simultaneously, indicating that after intense competition between bulls and bears at high levels, the market still found effective support near the midline, and the overall upward structure remains intact. The midline continues to serve as a solid support, laying a strong foundation for subsequent bullish rebounds.

Switching to the 1-hour chart, the market experienced a rapid decline followed by a strong rebound. During the pullback, the lows were supported by strong buying interest, and the bearish momentum has shown clear signs of exhaustion. Meanwhile, the previously formed death cross on the MACD indicator did not further diverge downward; instead, it gradually converged and turned upward, indicating that the bearish momentum is weakening while bullish strength is quietly recovering, gradually gaining control of the market rhythm.

Overall, the current trend shows positive characteristics of "support holding during pullback, weakening bearish momentum, and technical indicators turning stronger," with market sentiment gradually leaning towards the bulls. As long as the trend structure remains intact and the support at lower levels continues to be effective, the suggested approach is to continue to buy on dips, follow the market's gradual recovery, and seize opportunities for upward extension.

Midnight Bitcoin can be bought around 87,300, with a target of 89,000.
Midnight Ethereum can be bought around 2,960, with a target of 3,100.