In the morning, the market is still 600 points away from the target point. At this stage, we can see from the market that it has not made much correction after the surge. It is still in the high consolidation stage, and the possibility of a surge after the accumulation of power is still relatively large. In the short term, it is better to be cautious in chasing the short position.

Morning Thoughts on January 3:

Although the bullish volume has seen a certain degree of reduction, the overall operating trend still maintains a strong pattern, and the upward momentum of the bulls has not diminished. The slight pullback currently experienced should be viewed as a normal market adjustment phenomenon. After all, market trends cannot continue to rise without interruption; the pullback phase essentially serves to accumulate strength for the subsequent rise.

From the hourly structural perspective, the market is showing a state of consolidation, but the continuous upward trend of bullish candlesticks remains clearly discernible, and all pullback amplitudes are within our prior estimations. It is worth noting that bullish forces are continually testing short-term resistance areas. Currently, we only need to patiently wait for the right moment, and the market is expected to achieve a new round of breakthroughs. Meanwhile, the Bollinger Bands are gradually narrowing, indicating that the short-term consolidation phase will continue for some time. The price has now regained its position above the upper Bollinger Band, and the support levels in the short term are gradually widening. A pullback presents a good opportunity to go long.

Buy Bitcoin near 96000-96500, target 98000.
Buy Ethereum near 3430-3450, target 3550-3600.

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