Xiaoyao KOL: Bitcoin and Ethereum Market Analysis (December 11th)

Bitcoin's price recently saw a significant surge, forming a long bullish candlestick, but subsequently experienced high-level consolidation, exhibiting an overall pattern of rising and then consolidating. Currently, the price is at a relatively high level, failing to break through previous highs, indicating a temporary balance in bullish momentum. On the 4-hour chart, the DIF and DEA lines continue to diverge upwards, while the MACD histogram shows weakening bullish momentum but still maintaining dominance. On the daily chart, the MACD golden cross has gradually flattened out; it's worth watching whether it will turn into a death cross. The current price is trading above the EMA7, EMA30, and EMA120, with short-term moving averages turning upwards and medium- to long-term moving averages maintaining a bullish alignment, indicating that the overall trend remains bullish. Those who bought at lower levels this afternoon are advised to hold patiently and wait for further upward movement.