Market Analysis for the Evening of December 14 (Saturday)
Observing the current 4-hour candlestick chart, Bitcoin's price rebounded rapidly after hitting the bottom and stabilized around 101600, which is exactly the midpoint of the recent fluctuation range. Although the current market is showing a brief consolidation phase, this has not changed its overall upward trajectory. From the comparison of bullish and bearish forces, while both sides appear evenly matched on the surface, in reality, the bullish force is stronger, dominating the market trend. Therefore, we have reason to believe that in the short term, Bitcoin's price is expected to break through the current upper limit of the fluctuation range, while the risk of a significant downturn is relatively low.
Considering the recent absence of the US stock market, the cryptocurrency market, including Bitcoin, may continue to fluctuate within the current range. In this context, we suggest that investors adopt a flexible trading strategy: sell moderately when the price reaches the upper range and buy on dips when the price retraces to the lower range, thereby capturing opportunities from market fluctuations.
Operational Advice:
Bitcoin can be traded within the range of 102700-100600 by selling high and buying low.
Ethereum can be traded within the range of 3960-3860 by selling high and buying low.