12.19 Evening Thoughts
After the morning breakout, the intraday market fell into a bullish rebound and recovery rhythm, showing an overall oscillating slow rise. It recovered from the low of 98744 to the highest level of 102600 in the evening.
From the current market, the big cake fell again after breaking the new high yesterday. The current trend has bottomed out many times and there is no sign of breaking the support below. After the evening correction touched this line, it rebounded quickly, showing strong support.
In the short term, the bulls are slightly dominant, and the current price ratio continues to remain at a high level, and there is not much decline. It rises and closes at a high level, and maintains a high level of volatility. Then it is expected to go through time correction next, so the low point below will not be easily broken. Therefore, there is still a lot of retracement in operation.
Bitcoin is bullish around 100500-101000, and may rise to around 103000-103500
Ether is bullish around 3610-3630, and may rise to around 3750-3800
