December 12th Afternoon Thoughts
The early morning thoughts were accurately verified, with Bitcoin's daily line oscillating at a high position above the short-term moving averages. The Bollinger Bands are opening, the moving averages are trending upwards, the MACD fast and slow lines are also moving up but showing signs of turning, the volume bars are decreasing, and the KDJ is crossing above 80. Attention should be paid to the resistance near 100, and the VR indicator is consolidating around 150. Looking at the 4-hour chart, the K-line alternates between bullish and bearish while being blocked by the upper band, the Bollinger Bands are narrowing, and there are signs of a trend change around the middle track of the short-term moving averages. The MACD fast and slow lines are trending downwards and showing signs of turning, the volume bars are slightly decreasing, and the KDJ, after receiving support near 50, is moving upwards. Be cautious of resistance below 100, while the VR indicator is consolidating around 90. Overall, this wave of increase lacks a substantial pullback, the K-line pattern is strong, and if it breaks the previous high in the short term, it should be treated with caution. The trend of Bitcoin often makes people look forward to a pullback to go long but ends up disappointed, so one must be careful right now. If it continues to rise strongly without a pullback, there may be a significant level of liquidation afterward.
Bitcoin: 100300-100800 long Target 101400-101900
Ethereum: 3880-3920 long Target 3960-4000