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12.21 Morning Review: The winter solstice signifies that yang is growing, and spring is not far away. May the cold nights be illuminated, and the year-end bring health and peace. From now on, it will be all warm sunshine.
Midnight trading was narrow and volatile, with no signs of breakthrough. Bitcoin is stuck in a sideways range between 88,000 and 88,500, while ETH is trading steadily between 2,970 and 2,985.
On the 1-hour chart, after a rebound correction, prices fell back to lows again, failing to break through the secondary high resistance of the step ladder, maintaining a weak pattern. This rebound is merely technical correction, not a reversal signal! The key resistance is at the upper band of the Bollinger Bands around 88,800. Morning trading strategy: buy on pullback.
Bitcoin suggestion: buy in the 88,000-87,500 range, target near 89,500.
ETH: buy in the 2,950-2,930 range, target near 3,050.