Morning Thoughts on December 10:

The midnight market has stirred again, with a second occurrence of a sharp drop, as prices explore bottom support in the range of 94000 to 95000. Although there are signs of recovery at this moment, the upward momentum is relatively weak, showing a pattern of oscillation and correction, and there is still a possibility of a further pullback.

From the current technical structure analysis, this sharp drop aims to test the bottom and has not continued the weak bearish trend. However, the rebound strength is lacking, and as the market recovers, the oscillation is relatively strong. The overall market is developing towards a bottoming and recovery direction, with Ethereum's recent performance similar to Bitcoin's, having significantly retraced from the high near 4100, dropping to 3475 in the early morning, a considerable retracement. Investors who closely followed Tan Sen's rhythm yesterday must have accurately grasped the bearish trend. The bearish force is strong, and the last time such a significant retracement of 600 points occurred was in August. Now, we have reached the end of the year. However, the market has already bottomed and rebounded, with the intraday bullish trend unchanged. In the morning, one can strategically position for a rebound operation,

For Bitcoin, focus on buying around 97000, with a target around 98800;

For Ethereum, focus on buying around 3680, with a target around 3760

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