Today, the spot market has seen little significant fluctuation, with afternoon trends oscillating narrowly between 99500 and 97200. Only in the evening did it stretch to 99300 before facing resistance and declining. After a thousand-point movement, it encountered a pullback near 97600; however, it remains in a range-bound oscillation. Today is Christmas, and the U.S. stock market is closed, so the trend should still oscillate within the range. Therefore, we maintain a low long and high short operation within the range.
Technical analysis: Looking at the 4-hour chart, the MACD double lines have touched above the 0 axis, the KDJ is moving upward parallelly, and the MA moving averages are showing a golden cross opening. The coin price has pulled back after a surge, but strong support exists below. The bullish energy bars have not shown substantial downward movement, and the continuation has occurred, proving that the bulls are still the main theme. On the 1-hour chart, the KDJ is showing a golden cross convergence, the bearish energy bars are rising, the MA7 moving average is flattening, and the MA30 is steadily rising. Although the evening market has retreated to around 976000, it has not been able to continue declining due to strong support at 97300, and the bearish power has not taken the lead, so we continue to maintain a bullish mindset.
Operation Suggestions
Bitcoin operation suggestion: Buy on pullback to 97800-97300, targeting a range of 500-2500 points upward.
Ethereum operation suggestion: Buy on pullback to 3460-3440, targeting around 3550.
