Morning Thoughts on 12/12:

From the 4-hour perspective, the K-line head and shoulders pattern has successfully reversed and broken through the EMA trend indicator at 98300, standing again at a high position. At this time, the EMA trend indicator has returned to a bullish trend.

Currently, the 101500 position has formed a strong resistance zone several times; when shorting, be sure to use stop-loss. Do not chase long positions at this moment; wait for a pullback to support before entering again.

BTC pullback: around the 98500-99000 range.

ETH pullback: around the 3730-3750 range.