Friday Morning Analysis of the Market on 12.13!

The intraday market is also moving step by step without any continuation, with the price experiencing two rounds of highs in the morning followed by a quick pullback. In the afternoon, the price shows a trend of slow decline with fluctuations. For Ethereum, the morning saw a basically unidirectional upward trend, peaking around 3986 before starting to fluctuate. Influenced by the evening CPI, the bulls made a strong push in the evening market. Today, the outlook remains bullish, and the real trading has also achieved complete victory with low long positions!

From the current market perspective, the daily line continues with bullish candlesticks pushing higher, and the price continues to operate around the upper Bollinger band throughout the day. Although the market has not broken the upper resistance at 102,000, the overall rhythm remains strong, and it has not fallen below the 100,000 mark. In the larger cycle, it is still in a healthy state. Currently, the daily Bollinger band is in a flattening phase, but there is also a trend of opening an upward channel. Looking at the current 4-hour line, the ongoing fluctuations today are correcting the morning's peak. After the US stock market opened, the fluctuation range was broken, and the correction in form has ended with the price continuing to rise. The current structure of the Bollinger band has opened an upward channel, so for the midnight operations, we will continue to maintain a bullish outlook. The market is like this, and we will follow the trend.