Morning Thoughts on 12.18
From the overall market perspective, the hourly chart shows a repeated pattern of reaching new highs and then retreating, indicating further expansion of bullish momentum. Overall, we are still in a strong bullish market, and after the consolidation, there is still hope for building momentum to challenge high points again.
Looking at the 15-minute chart, the bears appear strong, but they have not managed to break below the support level. The Bollinger Bands are beginning to contract upwards, the KDJ lines are turning upwards, and the bullish energy bars are consistently expanding. In the short term, the bulls remain relatively strong, and our strategy is still primarily to buy on dips, with selling at high positions as a secondary strategy!
For Bitcoin, buy near 106000-106300, with a target of 107600; if broken, look at 108200.
For Ethereum, buy near 3900-3920, with a target of 4000; if broken, look at 4040.