Overall oscillation！

This morning, the major cryptocurrency fell to around 92500, rebounding to 95000, but this process is characterized by a divergence between volume and price. After three consecutive bullish candles, there were four bearish candles following, indicating a continued divergence between volume and price. Recently, there has been a continuous divergence, with overall buying volume being sluggish, but shorts are also reducing their positions. After reaching a low point, shorts took profits and did not aggressively pursue further declines, possibly having learned from the previous experience of being caught when the price surged to 98000. They are reluctant to be excessively aggressive again.

Currently, we need to reference three doji candlesticks: the first one around 95400 at 10 PM on December 22, the second one around 94400 at 9 AM on December 23, and the third one around 94500 at 10 PM on the 23rd. Today, we need to pay attention to the price movement from 3 AM to 1 PM, taking the median value around 93800. It is not difficult to see that the major cryptocurrency is constructing a central zone between 93800-95200. Overall, it is oscillating around the center of 94500. Therefore, we roughly judge that in the near term, there will first be a phase of oscillation, which could easily widen. It can oscillate around the range in the short term, with the major cryptocurrency making waves within the 92800-95800 range. If it stabilizes above 95800, it will reach 97200-97500; conversely, if it breaks below 92500, it will go to around 90850! We are currently oscillating, but both extreme situations need to be considered simultaneously. So everyone should plan their positions and take profit and stop-loss levels around the range.

Personally, I tend to think that the daily line correction is not yet complete, but the four-hour chart has already turned upward. The one-hour chart is forming a central zone, so in the near term, we will first look for oscillation, and if the range opens up, we will consider it as wide oscillation.

During the day, we see the oscillation in the 92500-95200 range, while Ethereum looks at a large oscillation range of 3313-3473.