Saturday, December 14 | Bitcoin and Ethereum Trend Analysis
Bitcoin (#BTC☀ )
Bitcoin closed yesterday firmly above 100,000 points, establishing this key integer level as effective support, providing a solid foundation for subsequent gains.
Although there was a brief pullback in the early session, it quickly rebounded strongly, releasing clear upward signals. From an hourly perspective, multiple consecutive bullish candles indicate strong support below, and upward momentum has significantly increased.
- Trading suggestion: Currently in the range of 100500-101000, consider positioning long positions, targeting 103000-104000.
Ethereum (#ETH🔥🔥🔥🔥 )
Ethereum is also strengthening, with the current price firmly in the 3880-3900 range, showing good support strength. From a technical perspective, it has the potential to challenge the 4000-4100 range in the short term.
- Trading suggestion: It is recommended to take light long positions in the 3880-3900 range, targeting 4000-4100.
Short-term market sentiment is leaning bullish; be sure to control your position size and closely monitor key support levels and volatility risks.