Morning Thoughts on December 21:
From the technical structure analysis at the daily level, the current operating channel shows a slowly expanding upward trend. Although there was a pullback after the price surged, it did not trigger a deep decline or reversal; instead, it moved higher again. The bullish volume demonstrates a characteristic of solid arrangement, effectively supporting the price in consolidation at high levels. The moving average system presents a winding upward trajectory, and the overall trend is in a continuous process of repairing and moving upwards. Therefore, it can be judged that the price breakout is just a matter of time.
The overall rhythm of the current market still shows a momentum to rise. Although there are pullbacks during the upward process, these pullbacks occur after the price rises. The timing for us to enter long positions is becoming increasingly clear, allowing us to fully utilize each pullback to position for longs. It’s important to recognize that pullbacks are indeed good opportunities to enter long! Regardless of how winding the process is, the core we focus on is ultimately the result; as long as the final outcome is ideal, that is sufficient. As the current bullish force gradually drives the rebound, we also notice that the strength of the rise has surpassed the intensity of the pullbacks. Therefore, we can infer that, in a strong market, as the extent of pullbacks narrows, the likelihood of subsequent increases will become greater. Thus, our overall operational rhythm will continue to focus on being bullish, maintaining the approach of buying on dips to position for longs.
Long positions for Bitcoin at 96500-96800, targeting 98200-98500.
Long positions for Ethereum at 3420-3450, targeting 3520-3550.
