12.25 Wednesday Morning Thoughts
This wave of momentum has been truly enjoyable. Bitcoin was around 93800 yesterday, and despite multiple tests, it ultimately couldn't break below this level. After stabilizing in the evening, it accelerated and directly reached the 99300 area. Before the rise, Jianhua had been consistently reminding everyone to go long. As long as you paid attention, you basically captured the entire trend. The strength of this wave of Bitcoin's sharp rise is still very strong, with almost a straight-line increase in the beginning.
12.25 Wednesday Morning Analysis
Looking at the small cycle four-hour chart, after a narrow range consolidation yesterday, the market broke the downward trend line and recovered to the upper track. This indicates that the bulls are strong, but the pullback during the midnight strength is still insufficient to push the market lower. Currently, the operating range is near the upper track, and the daily line still has the possibility of continuing to break out, so the operation during the day should mainly maintain a bullish mindset.
12.25 Wednesday Morning Operation Suggestions
Long Bitcoin in the 98000-97000 area, targeting the 102000 area, with a stop loss of 700 points.
Long Ethereum in the 3450-3420 area, targeting the 3550-3600 area, with a stop loss of 30 points.