December 14th Early Thoughts:

Throughout the day, the overall trend of Bitcoin is in a range-bound oscillation. In the morning, it rebounded sharply from a low of 99208 and steadily rose, successfully reaching a high of 101339 by the evening. However, the good times were short-lived, as it faced pressure and began to pull back, heading down to around 99653. Ethereum's movement is roughly similar to Bitcoin's, with an intraday high of 3967 and a low dipping down to 3835. From a daily perspective, the extent of the pullback during the day was indeed limited, nearly negligible. At this level, the arrangement of moving averages and the structure of candlesticks both indicate a bullish pattern. Given that the price has consistently held above 96664, there is no reason to be pessimistic about the market's direction.

From the 1-hour to 4-hour observation, after the price pullback in the early morning, the market fell into a low-level oscillation swamp. After careful adjustments throughout the day, the main suppressive factors have been effectively alleviated. Additionally, as higher-level support continues to rise, there is undoubtedly potential for a breakout at night. In terms of conventional trading levels, new opportunities will arise once the 1-hour line breaks free from the oscillation range. Firstly, one could adopt a long strategy when a similar bottom pattern forms; secondly, one could patiently wait for an excellent opportunity to re-enter at mid- to long-term support during the pullback, acting timely to seek substantial profits.

Bitcoin: Buy near 97000, target 102500

Ethereum: Buy near 3870, target 4000

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