12.2 Wan Bing Morning Silk Road

Yesterday, the market trend was relatively stable, with BTC slowly rising during the continued fluctuations. As expected, a slight bullish rally occurred during the night session. Although the market has once again returned to a fluctuation pattern, it still aligns with our proposed strategy of making bullish moves at lower levels yesterday!

On the four-hour level line, bullish volume remains aligned, showing signs of a flat upward opening in the operating channel. The short-term fluctuation consolidation has helped the bulls gather strength for a reversal. The probing strength in the short term is limited, so we do not expect much room for retracement. We will replace time with space; if there is a breakout, we will look bullish accordingly. If it does not break, we will continue to watch the range. The current pace continues to follow the strategy of looking bullish on retracements!

Personal trading advice:

Bitcoin: Bullish around 96500-96800, target around 98000-99000!

Ethereum: Bullish around 3640-3670, target around 3770-3820!