December 20th Early Morning Thoughts
The thoughts provided during the day have been verified, and regarding the market, Bitcoin's daily chart is experiencing high-level fluctuations above the short-term moving averages. The Bollinger Bands are widening, moving averages are trending upwards, the MACD fast and slow lines are also moving upwards but show signs of turning, volume bars are decreasing, and the KDJ is crossing above 80, with attention needed on the resistance around 100. The VR indicator is consolidating around 150. From the 4-hour chart perspective, the candlestick pattern alternates between bullish and bearish but is blocked by the upper band, the Bollinger Bands are narrowing, and the short-term moving averages are showing signs of a reversal around the middle band. The MACD fast and slow lines are trending downwards with signs of turning, volume bars are slightly decreasing, and the KDJ is supported around 50 and moving upwards, with attention needed on the resistance below 100. Overall, this wave of increase lacks a proper pullback, the candlestick pattern is strong, and if the previous high is broken in the short term, caution is advised. Bitcoin's trend often leads people to expect pullbacks to go long but they do not happen, so extra caution is needed now. If it continues to rise strongly without a pullback, there may be a significant level of market washout in the future.
Bitcoin: 99300-100000 Long Target 100600-101300
Ethereum: 3530-3570 Long Target 3610-3650