12.2 Monday Currently Strong in Market, Is the Bull Market Coming Back?

After two days of consolidation over the weekend, the market has gradually stabilized, and the price ratio has returned to run between the upper-middle track. Since the spike and subsequent drop on Friday, the market has not formed any further breakthroughs, and the trading volume is relatively balanced, which is consistent with the typical weekend behavior.

On the four-hour level, after a narrow range of fluctuations and consolidation, the price has dipped but recovered to make a high. The bullish volume remains ordered, showing signs of an upward flat opening in the running channel. The short-term fluctuations indicate a build-up of bullish momentum for a reversal, with limited downward pressure in the short term. There is not much space for further pullbacks; instead, it relies on time to exchange for space. A breakthrough would be bullish, while if not breaking, we continue to view the range. It's not suitable to chase highs now; more suitable to wait for a pullback to match the current rhythm, so our upcoming strategy is mainly to go long at lower levels.

Morning Bitcoin and Ethereum operation strategy suggested by He Yang:

Bitcoin: 97100-96800 line looking bullish, targets at 98000-99000.

Ethereum: 3680-3650 line looking bullish, targets at 3750-3800.