The evening market is certainly not volatile, with the overall evening direction being consistent. Long positions have received some confirmation. Pay close attention to how the market reacts to Chairman Powell's speech in the early morning. We are available for consultation anytime during the evening if you have questions.

December 18 Evening Thoughts:

Looking back at the market, since last weekend, this weekend has been extraordinary, with significant market fluctuations. Stabilizing at the 100,000 mark since this weekend, the market has experienced ups and downs, going through a mini bull and bear cycle. Starting from 99,000, the price has risen, with the target of 108,000 basically achieved. Ethereum's target remains firm; it was previously stated that there would be no pullback until it reached above 4,000. Currently, it has risen to around 4,100 before experiencing a significant pullback. This afternoon, Bitcoin's low point was at 103,065, with a high point reaching 104,763, overall oscillating within this range. The market is waiting for bulls to complete consolidation and gather strength before attacking again. Ethereum's trend is relatively positive, rising from the low point of 3,802 and ultimately reaching the high point of 3,882.

On the four-hour level, Bitcoin started to rebound after hitting the second support level of 103,294 given last night, with resistance above at 104,982 and 105,818. At least breaking through these two resistance levels is necessary for a second rally opportunity; if it doesn’t rebound above these levels, it will continue to look for a second dip to the support level of 101,835, which is the daily support level. If this position is not broken, a rebound can continue to be expected, with resistance above remaining unchanged. If the daily level breaks this position, it will begin to pull back, and attention should be paid to the daily pin positions at 99,800, 98,519, and 95,696. Ethereum has currently rebounded after dropping to the support level of 3,800 given yesterday, but since the daily support has been broken, the trend is relatively weak. The resistance above for the rebound is first looking at 3,867, 3,900, and 3,950. If the four-hour close can break through 3,950, the pullback will be considered completed, and it will continue to rise. If it breaks below the support of 3,822 again, it will continue to test the two support levels of 3,730 and 3,650.

Bitcoin 103,800-104,200 long, looking at 106,000-106,500
Ethereum 330-3,850 long, looking at 3,900-3,920

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