12/26 morning technical analysis
Currently, the coin price is operating near the threshold of 99000. On the Ethereum side, it touched the level of 3547 last night and faced pressure, followed by a quick correction. The market also experienced fluctuations, but the coin price is gradually decreasing.
Currently, Bitcoin is still maintaining a high accumulation phase, and the mindset remains unchanged as previously stated, continuing to look upwards.
From the perspective of observation, it can be confirmed that the current correction is not a reversal; the support level of 97500 has also been sustained. The likelihood of a short-term decline is not high, and from a macro perspective, there are still no conditions for a correction; the strength of the bulls is still very clear. On Thursday morning, we will continue to buy low.
Buy Bitcoin at levels of 98000-98500, target 100000.
Buy Ethereum at around 3400-3420, target 3600
