Morning Thoughts on December 7:

Currently, the market continues to demonstrate a strong upward trend. Even after experiencing significant pullbacks, it has not altered its upward trajectory, undoubtedly showcasing the market's robust resilience. At this moment, prices have successfully broken through and stabilized around the 100,000 points level multiple times, laying a solid foundation for future upward momentum, and the breakout trend is likely to continue. Analyzing from a technical structure perspective: examining the current market, the overall trend has consistently maintained a strong upward direction. After each noticeable pullback, the market has been able to quickly reverse the situation and recover lost ground, which is undoubtedly a strong indication of market stability.

After a series of consecutive bullish candles, the upward momentum is gradually slowing down. Due to the weekend period, market liquidity is poor, and significant fluctuations in the market are not expected in the short term. After experiencing major ups and downs, the market is likely to use the two days of the weekend for consolidation and repair. Once the repair work is completed, the price may attempt to rally upwards again, initiating pressure testing actions! The subsequent bullish trend is expected to continue further.

Bitcoin: Buy around 99,500-99,000, target around 102,000

Ethereum: Buy around 3,980-3,950, target around 4,100

#比特币重返10W大关 #以太坊领涨 #币安将上市ACX、ORCA #ENA突破1美元 #SUI市场新焦点 $BTC $ETH