Morning Thoughts on December 29
Let's review today's market
In the early morning, Bitcoin moved from around 94300, fluctuating slightly up to 95245, followed by a slight pullback. At 2:40, it gradually rose again until around 6:00, when it tested the 95300 level again.
We are paying attention to market sentiment, first looking at the MACD volume indicator; on multiple time frames, the bulls dominate market sentiment.
Next, looking at the Bollinger Bands, we can see that short-term prices are operating at the upper band. There is a contest between bulls and bears around the 95300 central level.
In the short term, we continue with the weekend's fluctuating strategy.
Sell Bitcoin at 95250 and buy at 94200, initially making two rounds within this range.
If the market shows a healthy upward trend, look to buy around 95500.
Targeting 97800 above.
For Ethereum, we focus on the 3420 level; if it doesn't break twice, we look for a long position, targeting 3375 below. If it breaks three times, we will chase the trend upward, aiming for 3480.
