12.15 Market Analysis and Suggestions

The current market shows that Bitcoin has once again experienced a pullback after rising yesterday, and the upward path continues to face numerous challenges. With the weekend upon us, market trading seems somewhat quiet, and breaking the oscillation pattern in the short term poses significant challenges. Recently, although Bitcoin has attempted to rise several times, it has faced repeated setbacks and has entered a consolidation phase again. On the four-hour chart, Bitcoin has reached the lower boundary area, while the crucial 100,000 mark shows initial signs of stabilization.

From the daily chart perspective, the overall price remains above the MA5/10 daily moving averages, and it is consolidating at the short-term resistance level around 10.2, indicating a higher possibility of an upward breakout; the daily outlook is bullish. On the 4-hour chart, the overall price is trending upward around the MA5/10 daily moving averages. Although there have been multiple short-term obstacles at the 10.2 level, the retracement strength is limited. The one-hour level is also testing upwards along the moving averages. Pay attention to the price range of 10.2-10.3 for a possible breakthrough and stabilization. Our operational suggestion is still to enter with a strategy of buying on dips!

Bitcoin around 101400-101700, looking up to 103500

Ethereum around 3850-3870, looking up to 4000

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