12-18 Early Morning Thoughts: The current market clearly shows a bullish upward trend. It would be very unwise to go short at this point; we can only follow the trend and go long. Therefore, our approach will continue to focus on going long.
Analyzing the current market situation, the overall structure is also operating within an upward channel. The market's strong rally has shattered many people's short dreams. On the daily chart, the trend remains firmly above the three-day moving average. After a pullback in the evening that touched this line, it quickly rebounded, showing strong support. From the one-hour chart, the trend is oscillating around the middle band of the Bollinger Bands, and the bears have lost their strength to push lower. It is predicted that during the midnight period, the bulls will continue their assault and reclaim more ground. Therefore, we will continue to adopt a strategy of going long on pullbacks.
Bitcoin pullback: 105500-106000 range, target 108000
Ethereum pullback: 3900-3920 range, target 4000
