Thought Analysis
Yesterday's daytime market was calm, with extremely limited volatility. In the afternoon, the trend remained within the range of 99500 - 97200, continuously oscillating in a narrow range. It wasn't until the evening that the market showed some movement, briefly rising to 99300, but then encountered resistance and turned downwards, quickly dropping over a thousand points to around 97600. However, overall, it remained trapped in a range-bound oscillation pattern. Yesterday coincided with Christmas, and the US stock market was closed, leading to a relatively light trading atmosphere. It is expected that the subsequent trend will likely continue to oscillate within this range, and the strategy remains to buy low and sell high.
From a technical perspective, on the 4-hour level, the MACD dual lines touched above the 0 axis, with the KDJ showing a slow convergence. The MA moving averages displayed a golden cross with a gradual opening. Although the price surged and then corrected, the support below is quite solid, and the bullish energy bars did not show a significant decrease, continuing to extend. Moreover, the daily MACD bearish energy bars have begun to rise, indicating that the current bullish force is still dominant in the market. Switching to the 1-hour level, the KDJ indicator formed a golden cross with opening momentum, the bearish energy bars started to increase, the MA7 moving average tends to flatten, while the MA30 moving average steadily rises, and the MACD dual lines operate steadily above the zero axis. Even though the market pulled back to around 97600 last night, the key support at 97300 prevented the bearish forces from dominating the market direction. Therefore, overall, we still maintain a bullish outlook.
Operational Suggestions:
Bitcoin: Wait for a small pullback to around 98000-97500 to buy, targeting a space of 500-3000 points.
Ethereum: Wait for around 3460-3440 to buy, targeting a space of 40-150 points.
