Morning Thoughts on 12.21
From the daily chart perspective, it is clearly in an adjustment cycle. The multiple top divergences on the daily chart make the current adjustment in line with technical trends. Coupled with the stimulating impact from news, the market's risk-averse sentiment is growing stronger. In this context, short-term operations should minimize trading frequency to avoid unnecessary losses caused by blind following.
From the current four-hour structure, the Bitcoin trading volume is gradually decreasing, the MACD is forming a golden cross and running upward, and the KDJ is also moving upward. From the one-hour structure, the Bitcoin trading volume is shrinking.
Bitcoin Recommendation: Short around 97800-98000, looking down to around 96000
Ethereum Recommendation: Short around 3500-3520, looking down to around 3400-3420
