#加密市场盘整 Christmas Double Bottom, Cautious About Following the Rise! 12.24 Bitcoin Auntie's Thoughts Analysis in the Early Morning

Today, the altcoin prices experienced slight fluctuations, with a strong surge in the evening. Bitcoin broke through 98000, Ethereum broke through 3500, and those who aimed to short regrettably hit their stop losses! Currently, the price movement shows almost no retracement strength! The bears on Christmas Eve were completely defeated!

From a technical perspective, the daily chart shows three consecutive bearish candles, but the closing price formed a long lower shadow, piercing the lower band and rebounding. Structurally, the double bottom has been successfully formed, with the KDJ fast line turning upward from a low position, and the MACD's volume also starting to shrink. However, the Bollinger Bands are extending forward in parallel without converging, so it cannot be confirmed that the downtrend has completely halted yet!

Looking at the four-hour chart, the Bollinger Bands have narrowed and are currently extending forward in parallel. After a day of consolidation, a large bullish candle broke through the middle band and approached the upper band in the evening. Both KDJ and MACD show a golden cross trend, and based on the closing price, there is still upward space!

Overall, the market shows a stop in the downtrend and a rebound, with strong bullish momentum. The overall trend leans towards bullish, but we cannot exclude a bearish retracement to liquidate long positions. As the U.S. stock market closes at 2 am today, there may be a risk-off selling trend, so everyone should be cautious about following the rise! The upper resistance levels to watch are around 98800, 99600, 101000, and 103000, while the support levels are around 96500, 95000, 93500, and 92500.

12.24 Bitcoin Midnight and Early Morning Trading Strategy: Aggressive traders should enter long positions when retracing to 95500-96000, with a stop loss around 95000, and target 97000-98000-98800. If broken, target around 99600-101000.

Short position strategy: Try to short around 98800, with a 600-point stop loss, targeting 98000-97500-97000-96500!

12.24 Ethereum Evening and Early Morning Trading Strategy: Aggressive traders should enter long positions when retracing to around 3380-3400, with a 50-point stop loss, targeting 3450-3500, and if broken, targeting around 3550-3600, and hold based on the situation!

Short position strategy: Try to short around 3520, with a 40-point stop loss, targeting around 3450-3400.

Be patient for a day, and the points waited for were regrettably stopped out! Many indicators are bearish but cannot match the determination of the operators to liquidate short positions. This surge directly broke through 98000, strongly rising by four to five thousand points. Without significant positive news, a retracement to adjust the indicators is expected, so everyone should be cautious about following the rise and wait for a retracement to re-enter!