12.29 Morning Strategy, Countdown to the New Year, Volatility Continues.
The countdown to the New Year has begun, and this year's market trend is almost at an end, with no significant fluctuations expected. In previous years, there have not been large one-sided trends during the New Year period, so we are looking at a short-term consolidation. The major range for this consolidation has been provided, so feel free to operate within it. The short-term price fluctuations will be updated in the morning based on various market influences, so stay tuned. In the morning, you can look for a pullback, but the current downtrend has not yet reached the bottom. Set your stop-loss properly; if it breaks, you can look to place buy orders around 920.
Now, looking at the short term, at the hourly level, the price has approached the upper band, and the Bollinger Bands are showing a trend of expansion. The MACD bullish momentum continues to increase, while the RSI trading volume is overall turning downwards. The short-term layout is focused on a pullback.
For Bitcoin, the price is below the upper band, and the Bollinger Bands are expanding upwards. The MACD bullish momentum has decreased, and the KDJ shows a death cross extending downwards, with the layout still focusing on a pullback.
Operation:
Bitcoin is around 942-948, with a target upwards of 956-962.
Ethereum is around 333-337, with a target upwards of 343-346.