Evening Thoughts on December 18:

Looking back at the market, since last weekend, this weekend has been extraordinary, with significant fluctuations in the market. After stabilizing at the 100,000 mark, the market has experienced ups and downs, going through a small bull and bear cycle. Starting from 99,000, it has risen with a target of 108,000 that has been largely achieved. Ethereum's target remains firm; I previously mentioned that we wouldn't look for pullbacks below 4,000, and it has recently peaked around 4,100 before experiencing a major pullback. This afternoon, Bitcoin saw a low point at 103,065 and a high point touching 104,763, oscillating within this range. The market is waiting for the bulls to finish consolidating and gathering strength for another upward attack. Ethereum's trend is relatively positive, rising from a low point of 3,802 to ultimately reach a high point of around 3,882.

On the four-hour level, Bitcoin began to rebound after hitting the second support level of 103,294 given last night, with upward resistance at 104,982 and 105,818. At least breaking through these two resistance levels is necessary for a second push higher; if the rebound fails to reach this, we will continue to look for a second drop to the support level of 101,835, which serves as the daily support. As long as this position is not broken, we can continue to look for a rebound, with the upper resistance remaining unchanged. If the daily candle breaks this position, the daily level will begin to pull back, and we need to pay attention to the lower daily pin positions at 99,800, 98,519, and 95,696. Ethereum has started to rebound after falling to the 3,800 support level given yesterday; however, due to the daily support being broken, its trend is relatively weak. The upper rebound resistance is first seen at 3,867, 3,900, and 3,950; if the four-hour closing can break 3,950, the pullback will be considered complete before continuing higher. If it falls below the support of 3,822 again, it will continue to probe down to the two support levels of 3,730 and 3,650.

Bitcoin 103,800-104,200 long, looking at 106,000-106,500

Ethereum 330-3,850 long, looking at 3,900-3,920

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