12.13 My opinion
Since the big rise on Double 11, the price has remained above the middle track of the daily line, forming a relatively complete upward channel. On the daily line, the price of Bitcoin has not completely stabilized at the 100,000 mark. Why? The reason is that the price increase after the 21st of last month was not that strong. The price of the entity breakthrough from 985 to now is around 101,000. It has only risen by 2,500 points in more than half a month, and the 15-day moving average is around 985. Bitcoin is not rising at present, but trying to stabilize the price of 100,000. It can be said that it has been fluctuating in the range for this period of time. However, I personally think that Bitcoin is still a little short of sideways at 100,000. Breaking through 102,000 and pulling up the average price is almost enough. There may be some bumps in the middle, but the trend is upward and has always been under the control of bulls. As long as the price of Bitcoin is still above the middle track of Bollinger, the trend will not change. Let's look at Ethereum. Bitcoin diverted Zijin to Ethereum, and Ethereum's ability to undertake is still relatively strong. After this V-up, there was no big decline. It seems that the market has reached a consensus on Bitcoin 100,000 and Ethereum 4,000. This consensus will only multiply and multiply until it is reached. Personally, I think 4,000 Ethereum is just around the corner. Ethereum has also verified the 4,000 mark before, but it just didn't stabilize. This preparation is the third time. I believe it will succeed this time, so low-multiple Ethereum can't let 4,000 be your goal, so you'd better not look at it.
Let's take a look at the market. The last big negative line before the 4-hour K-line rose two days ago was followed by a super long needle, and then there was a fierce rebound. This wave of rebound also allowed the price to stabilize at the 990 mark, and then the price of the upper shadow line continued to pull back. It was a normal pullback, and it did not fall below the small-level bulls. The 1-hour technical pattern KDJ was low and upward. The indicator showed that the current price was flat and weak. The 4-hour high was downward, close to the oversold area. There may be signs of turning at any time. The indicator was oversold, indicating that the price fluctuated downward in the short term, but the amplitude would not be large. The low-multiple idea is still the main idea.
The 4-hour middle track is around 98888. As long as the big cake does not fall below this price, it will still be strong, and the rebound will stand above 100400. The big cake 4-hour began to extend upward. The 1-hour middle track is 100400, which is currently below the middle track. The price continues to rebound after breaking through the middle track.
Reference support below 988-995-
Pressure 100400-101500-102000
