#BTC资金流动性 December 19 Gold Market Review

Regarding the trend, it shows a combination of a rising flag pattern, small double tops followed by a pullback, and range-bound consolidation—three overlapping formations. After Japan's rate hike, the market reaction was subdued, with no deep sell-off as expected.

From the macro perspective, the upward trend remains intact; the flag pattern is just a normal correction within a bullish continuation. On the smaller cycle, after the double top, the market entered a sideways consolidation, which is a natural fluctuation during the correction phase. The indicators showed bearish divergence at the double top, indicating that short-term upward momentum is waning, but later indicators gradually recovered and did not continue to weaken.

In terms of volume, it is quite critical—during the flag consolidation, trading volume kept shrinking, which perfectly aligns with the volume characteristics of a bullish continuation, suggesting the medium-term bullish pattern has not changed.

Recent strategy:
Positioning long orders around 4320, with key resistance levels at 4340 and 4350. The correlation between gold and mainstream cryptocurrencies still exists, and the recent performance of gold is worth monitoring. $BTC $ETH