Analysis of Ideas
Yesterday's daytime market was calm, with very limited fluctuations. In the afternoon, the trend maintained in the range of 99500 - 97200, continuing a narrow-range consolidation. It wasn't until the evening that the market showed some movement, briefly rising to 99300, then encountering resistance and turning down, quickly dropping a thousand points, correcting to around 97600; however, overall, it remained trapped in a range-bound consolidation pattern. Yesterday coincided with Christmas, and the US stock market was closed, resulting in a relatively light trading atmosphere in the market. It is expected that the subsequent trend will likely continue to wander within this range, and the strategy remains to follow low buys and high sells.
From a technical perspective, on the 4-hour level, the MACD double line touches above the 0 axis, the KDJ shows a slow convergence, and the MA moving averages are forming a golden cross with a gradual opening. Although the coin price retreated after a surge, the support below is quite solid, with no significant reduction in the bullish energy bars, and they are continuing to rise. Meanwhile, the daily MACD bearish energy bars are decreasing, which indicates that the current bullish force is still dominant in the market. Switching to the 1-hour level, the KDJ indicator forms a golden cross with an opening trend, the bearish energy bars begin to increase, the MA7 moving average tends to flatten, while the MA30 moving average steadily rises, and the MACD double line operates steadily above the zero axis. Even though yesterday evening's market pulled back to around 97600, there is still a key support at 97300, and the bears failed to take the opportunity to dominate the market direction. Therefore, overall, we still maintain a bullish outlook.
Operational Suggestions:
Bitcoin: Wait for a small pullback to the 98000-97500 range to buy, aiming for a space of 500-3000 points.
Ethereum: Wait for a buy near 3460-3440, aiming for a space of 40-150 points.
