Zhang Junyao: 12.2 Bitcoin Market Analysis and Trading Recommendations

In the four-hour timeframe, after a narrow range of consolidation, the price dipped but recovered to reach a new high. The bullish momentum remains aligned, indicating a trend channel that is forming upward with signs of flattening. The short-term oscillation and consolidation have allowed for bullish accumulation and reversal. The downward pressure on the short term is limited, and we do not see much room for correction. Instead, we prioritize time over space; a breakout would indicate a bullish trend, while failure to break would maintain the current range. It is also not suitable to chase long positions at the current high; more appropriate to look for long opportunities on dips that align with the current rhythm. Moving forward, our main strategy is to go long at lower levels.

Junyao's Trading Recommendations:

Bitcoin: Buy near 97000-96500, target around 99000.

Ethereum: Buy near 3680-3630, target around 3850.

If the direction is wrong, efforts are in vain. There is no wrong market analysis, only wrong people. Following the right people is very important. #BTC☀ #ETH🔥🔥🔥🔥🔥🔥