12.04 Evening Analysis

The daily pullback of Bitcoin has basically reached its target, with a short-term low confirmed, showing a healthy bullish rebound trend. After stabilizing on the daily line at the middle track of the Bollinger Bands, there were two consecutive days of positive closes, followed by a doji candlestick for slight consolidation. Overall, the market has completed a small cycle breakout, with short-term performance leaning strong, but it has not yet entered a very strong one-sided upward trend.

From the 4-hour perspective, the price has formed a V-shaped reversal pattern after hitting the low. This pattern is generally regarded as an important signal for market reversal, indicating a gradual strengthening of bullish forces. If today's Bitcoin price can break through the previous key resistance level of 95000, then the strong bullish trend will officially continue, likely starting a new round of upward momentum. Conversely, if it fails to break through this resistance level, the market will likely maintain a strong fluctuation, with a pattern of advance and retreat, meaning that during the price increase, there will be certain pullbacks, but the overall trend remains upward.

Based on the above analysis, it is recommended to focus on buying on pullbacks.

• Bitcoin: When the price pulls back to around 92500, target to look towards 94000-95000.

• Ether: When the price pulls back to around 3150, target to look towards 3250 - 3300. #加密市场观察 $BTC $ETH