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In the recent market, Bitcoin, Ethereum, and most altcoins have completed a small short-term pullback. The extent of the pullback had already reached its level, but the timing and structure of the pullback were not yet in place before it directly rose. Therefore, the previous pullback can only be regarded as a 1-hour pullback, with the overall situation continuing to rise at the 4-hour level; there has not yet been an effective 4-hour decline.

At this stage, we cannot be overly optimistic about a 4-hour pullback, as there is still a possibility for a continued upward extension in the short term. For us, it is still a holding phase. Keep holding your spot positions, and consider looking for long opportunities during short pullbacks; it is currently not suitable to be overly bearish.

For the short to medium term, Bitcoin is expected to see 120,000, and after breaking through, the next target is around 146,500. A phase of pullback is expected to occur in mid to late January.

BTC

Due to the rapid changes in the market in the short term, the article can only make predictions based on market conditions at the time of publication. Short-term players should pay attention to the latest market changes; this is merely for reference.

1H:

At the 1-hour level, there may be a 1-hour pullback here; closely monitor the strength of the pullback. As long as the 1-hour pullback does not fall below 98,660, it should still be able to continue rising, with the upper target continuing to focus on around 120,000. If it falls below 98,660 again, it will either continue to oscillate in a 1-hour range or undergo a 4-hour pullback.

15M:

At the 15-minute level, if Bitcoin falls below 105,500 again, it will confirm a 1-hour pullback, focusing on the 103,500 area for the pullback. As long as it does not fall below 98,660, the short-term upward trend remains unchanged.

ETH

At the 15-minute level, continue to pay attention to whether the short-term rise can push past 4,100. If it cannot rise, we will consider a 1-hour pullback, with support around 3,820. At this stage, Ethereum is expected to accelerate upward to 4,800 around the end of the month; be prepared.

Altcoins:

Currently, Bitcoin continues to reach new highs, but most altcoins seem to be lagging behind, continuing the pullback phase that started around December 6th. This can actually be understood, as the continued rise of Bitcoin and Ethereum has caused funds to flow back to them, while altcoins need to wait. However, this cycle will not last too long; it is expected that by the end of the month to early January, altcoins will begin their second wave of rises. For altcoins, what really matters is endurance; those with better patience will continue to benefit during the next wave of increases.

If you are currently very anxious and constantly switching positions, in the end, you can only take a little soup during the big rise.

Trend direction

Weekly level: direction up, currently undergoing a new upward movement at the weekly level, with an overall target above 150,000.

Daily level: direction up, with a rise at the daily level expected to reach around 150,000.

At the 4-hour level: direction up, as long as it does not break 98,660, there is hope for the 4-hour upward trend to continue to the 110,000~120,000 range.

1-hour level: direction up, in the short term, there may be a 1-hour pullback to around 103,500; as long as it does not fall below 98,660, the short-term upward trend remains unchanged.

15-minute level: direction down, pay attention to the strength of the pullback.