Wednesday, today is Christmas. Although yesterday's surge washed out a lot of short positions, it is still not advisable to chase high prices excessively today. It's better to wait for a pullback to go long rather than chasing highs and lows. The upward trend is already very obvious; the only resistance is around the 100,000 mark, but breaking through is not difficult. For now, let's participate in going long on dips.
Overnight, the highest point reached around 99,500 faced resistance and pulled back, correcting by about 2,000 points, which is enough to fill the gap after the correction. This pullback lasted for over a week, and after hitting the bottom and rebounding, it won't immediately turn down; the process of breaking the high may be very winding, but it still can't stop the bull from turning back.
There's not much to say about Ethereum; this time it's aimed at reclaiming 4,000. Although it nearly dropped to 3,000 earlier, it ultimately stopped around 3,200. Compared to Bitcoin's performance in the early morning, it is slightly weaker, but it still has strong momentum to rise. In summary, let's just focus on going long today. One word: 'Long'!
Bitcoin 97,500-98,000 zone go long, target 100,500.
Ethereum 3,430-3,470 zone go long, target 3,650.
Still the same advice: the market is quite volatile, so do not open positions with heavy leverage, keep some margin for adjustments, and maintain strict risk management. Today is Christmas, and I wish everyone a Merry Christmas and successful trading!