Midnight Deep Talk:

Bitcoin has once again risen above $99,000 at midnight, just a step away from the $100,000 milestone. Previously, Baili had hinted on Christmas Eve that significant drops often give rise to great opportunities. Now, the market's rate of decline is beginning to slow down, which is a favorable signal for bulls.

As the Christmas market experiences an early surge in volume on Christmas Eve, the fear and greed index is also rising again, leading to a festive Christmas rally. From a timing perspective, in the last month of 2024, the market will also be brewing emotions in preparation for the year-end, leaving more suspense for the uncertain year of 2025.

Returning to the crypto market, from a daily chart perspective. The Bitcoin head has decreased in volume, opening high and then closing low in the morning. The daily chart has shifted from bearish to bullish, with resistance around $99,800. On the four-hour chart, the head is showing a horizontal decline, still operating near the upper band, while the one-hour chart head is gradually turning bullish.

At midnight, Baili provided a trading range that perfectly aligns with the points. The market has risen as expected, and entry points can be considered precise. What we need to look for next is the key level of $99,800 above Bitcoin, which Baili believes will still break through, while Ethereum will also show strong upward momentum later on.

In terms of operations, focus on bullish trends, with small support near $98,200 for Bitcoin and secondary support near $97,600. For Ethereum, small support is around $3,450, with secondary support near $3,370. Real-time strategies during the day will be provided as scheduled for real-time monitoring.

Trading within the range can yield profits, so stick to the trading plan, enforce strict risk control, and aim for steady progress with fewer losses and more gains!!!

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