#加密市场盘整 Christmas double bottom formation, cautious about chasing highs! 12.24 Bitcoin Aunt's thoughts analysis in the early morning

Today, the cryptocurrency price fluctuated slightly during the day and surged strongly in the evening. Bitcoin broke through 98,000, Ether broke through 3,500, giving a short-selling idea that unfortunately hit the stop loss! Currently, the trend has basically no retracement strength! The bears on Christmas Eve have been completely wiped out!

From a technical perspective, the daily line shows three consecutive bearish candles but closes with a long lower shadow, piercing the lower boundary and rebounding. Structurally, the double bottom has been successfully formed. The KDJ fast line has turned upwards from a low position, and the MACD volume is also starting to shrink, but the Bollinger Bands' three lines are extending forward in parallel without closing, so it can't be definitively determined that the decline has completely stopped!

Looking at the four-hour chart, after the Bollinger Bands' three lines have converged, they are now also in a state of extending forward in parallel. The day’s consolidation saw a large bullish candle directly piercing the middle line and rising near the upper line in the evening. Both KDJ and MACD show a golden cross, suggesting there is still space above according to the closing line!

Overall, the cryptocurrency price has stopped declining and rebounded, with bulls strongly pushing up. The overall trend leans towards bullishness, but we cannot rule out the bears' retracement to liquidate long positions, as the US stock market closes at two in the morning today, potentially leading to a risk-averse selling market. Everyone should be cautious when chasing longs! The upper resistance levels to watch are around 98,800, 99,600, 101,000, and 103,000, while the support levels to watch are around 96,500, 95,000, 93,500, and 92,500.

12.24 Bitcoin midnight and early morning trading ideas: Aggressive traders should enter long positions on a pullback at 95,500-96,000, with a stop loss near 95,000, targeting around 97,000-98,000-98,800, and if broken, look towards 99,600-101,000.

Short selling idea: Attempt to short near 98,800, with a stop loss of 600 points, targeting around 98,000-97,500-97,000-96,500!

12.24 Ether evening and early morning trading ideas: Aggressive traders should enter long positions on a pullback near 3,380-3,400, with a stop loss of 50 points, targeting around 3,450-3,500, and if broken, look towards 3,550-3,600, holding based on the situation!

Short selling idea: Attempt to short near 3,520, with a stop loss of 40 points, targeting around 3,450-3,400.

Patience for a day, and the point reached was regrettably stopped out! Many indicators are bearish, but they cannot match the determination of the big players to liquidate short positions. This wave of rise directly broke through 98,000, surging four to five thousand points. Without major positive news, a retracement is expected to repair some indicators. Everyone should be cautious about chasing longs and wait for a pullback to re-enter!