Bitcoin and Ethereum Afternoon Market Analysis for Friday, December 13

On Friday, the market sentiment was a bit sluggish. After a pullback near 99,100 in the morning, it rebounded from the bottom, and only after several hours did it move out of a thousand-point range. In the morning, we publicly suggested to first observe the pullback strength before making a trade, and a short position reached its first target as expected. After that, we arranged a position entry, and we are currently in a sustained holding state. Friends who followed the morning's strategy can arrange their positions accordingly.

Recently, from the daily chart perspective, Bitcoin is in a high-level consolidation phase. However, after returning above 100,000 yesterday, it did not directly push higher to refresh the peak. Overall, Bitcoin remains strong in a bullish trend, and an upward channel has formed above, although it is moving relatively slowly. Currently, on the four-hour chart, after the price retraced to around 100,000, the bearish momentum has slowed down. The RSI moving average is turning upwards. Personally, I believe that after the pullback accumulates strength, it will continue to break upwards.

Morning Trading Suggestions

Bitcoin: Buy on retracement at 99,500-99,800, target 103,800. Stop loss at 98,600.

Ethereum: Buy on retracement at 3,820-3,850, target 3,950.

As the saying goes, each profession has its own expertise. If you are currently facing difficulties and your trades are not going well, you can change your mindset and work with a professional rhythm! Follow Zuping, and you will not be disappointed!