Today's white plate market has almost no significant fluctuations. In the afternoon, the trend continued to oscillate within a narrow range of 99500-97200 until the evening when it stretched to 99300 before hitting resistance and moving down. After moving a thousand points, it welcomed a pullback to around 97600, but it is still in range oscillation. Today is Christmas, and the US stock market is closed, so the trend is expected to remain oscillating within the range. Therefore, we should maintain low long and high short operations within the range.
Technical analysis: On the 4-hour chart, MACD double lines touch above the 0 axis, KDJ is moving parallel upwards, and the MA moving averages show a golden cross opening. The coin price pulled back after the surge, but strong support exists below. The bullish energy bars have not shown substantial downward movement and continue to extend, proving that the bullish sentiment is still the main theme. On the 1-hour chart, KDJ shows a golden cross closing, bearish energy bars are rising, the MA7 moving average is flattening, and the MA30 is steadily rising. Although the evening market retraced to around 976000, it could not continue to decline due to the support at 97300 below. The bearish forces have not taken control, so we continue to maintain a bullish outlook.
Operation suggestions
Bitcoin operation suggestion: Buy on a pullback to 97800-97300, targeting a space of 500-2500 points upward.
Ethereum operation suggestion: Buy on a pullback to 3460-3440, targeting around 3550.
