12.26 Thursday Market Highlights:
In terms of the current market, the daily structure has entered a corrective phase, and the space for correction is shallow. This does not affect the main trend's operation, and it will ultimately return to the technical pattern.
On the four-hour level, after the upper Bollinger Band is under pressure, it breaks through the middle band and closes above it, breaking the strong upward pattern relying on the middle band. Meanwhile, after the upward space of the second wave is released, there is a pullback after a high, indicating a short-term break of the strong trend into a correction. This round of correction is not a trend reversal; it is still a consolidation phase. The next rally will also explore higher levels. Currently, it is still too early to talk about a market reversal. There was no significant correction during the previous upward movement, and the local pullback strength has already been established, so there is still good upward space for bulls in the future!
Bitcoin long in the range of 97800-98300, looking up to 99500-100000
Ethereum long in the range of 3420-3450, looking up to 3550-3650