12.17 Morning Thought Analysis

Bitcoin Trend Insights

From the current four-hour chart detailed analysis, the key resistance level of 108000 stands like a great mountain blocking the way, becoming an upward obstacle. The EMA trend indicator resembles a steady train track, extending parallelly, firmly supporting the bullish train's progress, demonstrating that the foundation of the bullish pattern remains stable. The MACD histogram burns like a raging energy pillar, continuously expanding and rising, with the DIF and DEA lines dynamically ascending, resembling geese soaring high. However, the market seems to be taking a breather at this moment, and close attention should be paid to whether these two will narrow the distance and turn downward, which may signal a change in the market.

Looking at the Bollinger Bands, the opening expands rapidly like a blooming trumpet, with the upper band soaring to the 106666 line, seemingly shouting to the market about the enticing upward space. Yet, the KDJ indicator is like a tightened spring beginning to retract, clearly signaling a short-term pullback. Overall, a short position is currently feasible, but setting a stop-loss is essential, much like fastening a seatbelt for safety. Once the critical level of 108000 is forcefully broken, one must decisively exit, as the major trend of this bullish beast is watching closely, and one should not go against the trend.

Ethereum Key Node Focus

Currently, Ethereum's key support focuses on the 3938 point, which acts like a solid dam. If the smaller time frame cannot break through this defense line, it will inevitably attempt to reach new highs like a climber gathering strength. It is essential to be aware that during the upward journey, Ethereum often shows multiple spikes, making the market as prickly as a hedgehog. Operations can feel like stepping into a minefield, so strictly executing a stop-loss strategy is a lifesaver. If it successfully breaks through the previous high, the subsequent trend will be like a runaway horse, entirely dependent on the mysterious market makers' mood, potentially soaring uncontrollably. Everyone must keep a close eye on the market and adapt accordingly to find opportunities in this unpredictable market.

For operations, Ye Wei recommends shorting Bitcoin near 106500, targeting 105000-104000!

Short Ethereum near 4050, targeting 3950!