Today, the crypto market continues to showcase a passionate scene. The daily chart of Bitcoin features a strong bullish candle that is truly eye-catching, directly breaking through the previous high. However, it gets stuck at the upper band, losing momentum, and after the open, it mostly fluctuates at high levels. From a technical perspective, the Bollinger Bands are still opening, the short-term moving averages are beginning to turn upward, and the MACD's fast and slow lines are climbing higher, with trading volume slightly increasing. The KDJ cross is pointing upward, and the VR indicator is still hovering around 100.

Switching to the 4-hour chart makes it even clearer. After several days of bottoming out repeatedly, the market finally couldn't hold back, with several large bullish candles breaking above the upper band. However, immediately after breaking through, it retraced for a correction, and the Bollinger Bands are now in a trumpet-like expansion. The short-term moving averages are trending upward without issue, and the MACD continues to rise. Interestingly, the trading volume is decreasing, the KDJ is encountering resistance near the $100 mark and starting to turn downward, and the VR indicator is around 350.

Looking at the details, this rally took about four days of bottom-finding before breaking previous highs with strong upward momentum. However, caution is needed—although the short-term technicals are very bullish, the resistance levels above must be taken seriously. As long as key resistance levels are not effectively broken and stabilized, the continuation of this rally is uncertain. It is more likely to continue oscillating within the range. The immediate short-term resistance is near the recent high where the spike occurred, followed by the $98,500 level. If this cannot be broken, the price may fall back to the $93,000 level. Once the $93,000 support is lost, the next target could be around $91,000.

Based on this analysis, the short-term trading strategy for Bitcoin is: consider short positions around $96,500, with a limit at $98,100; for a counter-trend bottom, $93,800 is a reference point—if there is profit, manage the position accordingly.

Ethereum's movement is largely synchronized with Bitcoin, and the daily chart also shows a strong bullish candle breaking previous highs. The overall technical logic is similar to Bitcoin. The short-term support is around $3,200; if this level holds during a pullback, the upward trend may continue. But if it breaks, this strong bullish candle could be a trap, and the market is likely to fall back into the previous range of consolidation. The resistance above is near the high on December 11. If further breakdowns occur, wait for confirmation before updating the strategy.

The short-term strategy for Ethereum is: consider short positions around $3,430, with a reference for long positions at $3,270—manage profits accordingly.

Overall, this rebound is indeed strong, but whether it can turn into a true reversal depends on whether these resistance levels can hold. The market has not yet given clear signals, so continued observation is recommended.