Analysis of Ideas on December 16
The four-hour K-line of Bitcoin shows a continuous bullish trend, and the market is in a slow upward channel. Although the overall trend is nearing the overbought state, it has not completely broken through; it just needs one last step. During the trading process, personal subjectivity and speculation must be excluded; the only appropriate and correct response is to operate in accordance with the trend, closely following the rhythm of the market. The dominant sentiment in the current market remains bullish, and before a trend reversal occurs, every pullback is a good opportunity to enter the market with a bullish outlook.
In the morning session, attention should be paid to the pressure level above Bitcoin, which mainly focuses on 105000. Once this level is successfully broken, the next target can be further aimed at 106000; the support level below is at 102400. If the four-hour K-line closes below this support level, then the four-hour level will initiate a pullback trend, with the pullback target expected to be at 101500 and 100000. For Ethereum, its four-hour support level is at 3884, and there is a high probability of a bullish trend emerging, with the target expected to reach above 4000.