Wednesday, today is Christmas. Although yesterday's surge washed away a lot of short positions, it is still not advisable to chase high prices excessively today. It is better to buy on dips rather than chase highs and sell on drops. Currently, the upward trend is very obvious. The only resistance is at the 100,000 level above, but breaking through is not difficult. For now, let's participate in buying on dips.

Overnight, the highest point tested around 99,500 faced pressure and corrected down with a movement of about 2,000 points, which is sufficient to fill the space gap after the correction. This pullback has lasted for over a week. After the bottoming out and rebound, it won't immediately turn down again. The process of breaking the high may be very winding, but it still cannot stop the bull from turning back.

There’s not much to say about Ethereum; this time it’s aiming to reclaim 4,000. Although it nearly dropped to 3,000 before, it ultimately stopped around 3,200. Compared to Bitcoin's performance in the early morning, it is a bit weaker, but it still has strong upward momentum. To put it simply, just go for it, today’s word is “long”!

Bitcoin buy in the 97,500-98,000 range with a target of 100,500.

Ethereum buy in the 3,430-3,470 range with a target of 3,650.

Still the same advice, the market is volatile, do not open positions with heavy leverage, reserve positions for replenishment, and strictly maintain your defense. Today is Christmas, and finally, I wish everyone a Merry Christmas and smooth trading!