12-2 Brother Chao's Evening Thoughts

From the current market trends, during the morning period, the price comparison surged rapidly at first, but then showed a downward trend, causing the market to fall back into the fluctuation range it was in over the weekend. In terms of short-term dynamics, there has yet to be a significant upward momentum driven by strong bullish forces.

In the near future, it is expected that there will be a possibility of some pullback in the market; only after such a pullback phase can there be a chance for exploratory upward movement.

From the perspective of the one-hour chart, it can be observed that the price comparison's fluctuation range has shifted to the vicinity of the middle track, showing signs of attempting to extend downward. Examining the four-hour chart, it is clear that a double top formation has been completed.

Bitcoin is expected to pull back near 94200-94800, targeting 96000-97000.

Ethereum is expected to pull back near 3550-3570, targeting 3650-3700.