12.16 Midday Analysis and Trading Guidance
Bitcoin (BTC):
Bitcoin has once again surged to a new high after the morning opening, demonstrating a strong upward trend.
Support Levels: Closely monitor the lower support level at 104000. If this level is not breached, the market remains under bullish control on a smaller time frame.
Resistance Levels: The upper resistance levels are 105354 and 106654 in succession. If a new high is reached again, pay attention to the opportunity presented by the 110000 level.
Trading Suggestion: If the one-hour K-line closes below 104000, a pullback trend may begin on a smaller time frame, with subsequent support levels at 10297, 100700, 98519, and 94137.
Ethereum (ETH):
Ethereum is currently experiencing a four-hour upward trend and has already reached the third resistance level.
Support Levels: The key support level below is 3930. As long as this level is not breached, the overall market remains in a bullish pattern.
Resistance Levels: The upper resistance levels are 3988, 4028, and 4090 in succession.
Trading Suggestion: If the one-hour K-line closes below 3930, a pullback trend may begin on the one-hour time frame, with subsequent support levels at 3900, 3867, and 3830. If the four-hour K-line closes below 3900, this upward trend may be declared over, and the four-hour time frame will enter a pullback phase. At this point, watch for the pin levels at 3725 and 3507.
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