12.21. Saturday Morning Discussion with Hangzai:
Good morning, brothers. I woke up this morning, took a look at the market, and went back to sleep for a bit. Let's discuss Hangzai's upcoming 4️⃣ routes and opinions.
Bitcoin has rebounded after reaching 92,000-94,000 as I mentioned a few days ago. I personally see this rebound reaching around 102,000, but in the near month, it is likely to fluctuate in the 90,000-100,000 range. Then, from late January to early February, it is expected to have a significant correction, completing Bitcoin's weekly pullback. This month, while Bitcoin is fluctuating, we might see an altcoin season. With Bitcoin's price relatively high and ample funds, profits may flow into Ethereum and smaller coins, and Ethereum's exchange rate may also show a significant rebound trend.
Regarding Ethereum, after reaching weekly support yesterday, it had a spike and rebounded, closing positively on the daily chart. Looking forward, the local resistance levels are 3600-3650, with a swing target of 4400. The goal is to break the 4100 level and fluctuate above it, enticing more buyers and distributing chips, then start a significant pullback.
It is recommended to focus on Bitcoin swings in the near term, with Ethereum and ALTS for gains.
For strategic layout in the big cabin, wait until February to start.