After Bitcoin surged again at the 94,185 level, it formed a long upper shadow, indicating significant selling pressure at the high, but the pullback was limited and it remains stable in the upper-middle range, which is typical of high-level consolidation. The latest candlestick has an even longer lower shadow, meaning there is strong buying support below and the bears still haven't mounted effective pressure. Looking at the one-hour chart, the price has repeatedly hovered in the 93,800–94,000 range with smaller candlestick bodies and more upper and lower shadows, suggesting that bulls and bears are locked in a tug-of-war at the highs, but the price has never broken below the short-term support at 93,300. The bulls are maintaining control, resulting in a sideways consolidation after the surge.

On the daily chart, after four consecutive days of correction, the market has seen two straight bullish days, initially forming a bottom reversal pattern. Technical indicators show the lower Bollinger Band has started to turn upward, confirming effective short-term bottom support. The KDJ indicator continues to rise after a golden cross at the lows, indicating that bullish momentum is gradually strengthening. Currently, short-term momentum and price action are in positive resonance, making the trend for further upward movement quite clear.

On the hourly chart, although the MACD is showing a slight increase in bearish momentum bars, the narrowing Bollinger Bands are effectively limiting the downside. Combined with the previous candlestick's single long lower shadow reversal structure, the market has accumulated considerable upward momentum, laying a solid foundation for subsequent breakouts. Overall, it is recommended to maintain a strategy of buying on dips.

Bitcoin long near 93,300, target near 94,000
Ethereum long near 3,170, target near 3,220 #成长值抽奖赢iPhone17和周边 #十二月行情展望