Morning Thoughts on December 29

Students, good morning, a new week has begun. The Bitcoin daily chart is oscillating at a high position above the short-term moving averages. The Bollinger Bands are opening, the moving averages are trending upwards, although the MACD fast and slow lines are also trending up, they show signs of turning. The volume bars are decreasing, and the KDJ is crossing above 80, with the need to pay attention to resistance around 100. The VR indicator is consolidating around 150. Looking at the 4-hour chart, the candlestick patterns alternate between bullish and bearish while facing resistance at the upper band, the Bollinger Bands are narrowing, and the short-term moving averages are showing signs of a trend change around the middle band. The MACD fast and slow lines are trending down with signs of turning, the volume bars are slightly decreasing, and the KDJ is supported around 50 and is trending upwards. It's important to watch for resistance below 100, and the VR indicator is consolidating around 90. Overall, this wave of increase lacks a significant pullback, the candlestick patterns are strong, and caution is advised if the previous high is broken in the short term. The Bitcoin trend often leads to expectations of a pullback for long positions, but caution is required right now. If it continues to rise strongly without a pullback, there may be a large-scale washout later.

Bitcoin: 94100-94800 long Target 95400-96100

Ethereum: 3330-3370 long Target 3410-3450

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