Good morning! Friday, December 13th!
Yesterday we experienced another surge followed by a pullback, forming a situation where the bulls are hesitant to chase higher prices.
From a technical perspective,
Bitcoin has found some support and rebounded from a low,
but given the current structure, repeated adjustments and fluctuations in the short term are inevitable.
Therefore, within the overall trend framework,
from a swing trading perspective, one can look for rebounds at lower levels and also position for short trades at higher levels!
We must return to the larger trend,
substantial pullbacks do not equate to the arrival of a bear market,
Bull markets do not rise in a straight line,
they will inevitably experience multiple sharp drops followed by rallies in a cyclical manner,
historical experience indicates that this is merely a normal correction within the bull market process.
Low levels signal a buy opportunity; profits can be made by only buying at low points.
Bitcoin in batches at 98,500-99,000, look above 101,000.
Ethereum in batches at 3,850-3,880, look above 4,000.