Cryptocurrency Market Analysis and Trading Recommendations

Last night, after the U.S. stock market opened, the market quickly entered a strong upward channel, with Bitcoin reaching a maximum of around 99,500 in the early morning, just a step away from the 100,000 mark. This trend perfectly aligned with our 'bullish outlook' from yesterday's live trading notification. However, when the U.S. stock market closed at 2 AM, Bitcoin's trend showed a pullback.

Today coincides with Christmas, and the U.S. stock market is closed, so the trading activity of the market's main players is expected to significantly decrease, with limited volatility. Bitcoin has once again touched 99,000, and whether the bulls will make another push has become the market focus.

From the 4-hour chart analysis, the Bollinger Bands are continuously moving upward, indicating a steady accumulation of bullish power. The candlestick trend is in line with expectations, showing a pullback near EMA220. The lower EMA30 and the middle Bollinger Band form strong support, while the upper EMA120 constitutes a key resistance level. In terms of the MACD indicator, although the volume above the zero line has reduced, when combined with the hourly trend, if the pullback during the day is slow, the convergence of the fast and slow lines will be weak. This situation may continue into the night, after which the market is expected to welcome a new round of increases.

Trading Recommendations

- BTC: Long near the pullback of 97,900 - 97,500, targeting around 99,300 - 99,800. If it strongly breaks through 99,800, then look further towards the 100,000 mark.

- ETH: Long near the pullback of 3,480 - 3,460, targeting around 3,550 - 3,580. #BTC #ETH $BTC $ETH