On Tuesday, December 17th, bullish trend, go with the trend!
The excitement of a bull market always brings unexpected surprises. Yesterday, both Bitcoin and Ethereum broke through their historical highs, with strong bulls repeatedly breaking the upper resistance. Bitcoin peaked at around 107,800, while Ethereum, not to be outdone, rose above 4,100. Such a strong rally can only be survived patiently by going with the trend. Yesterday's bullish sentiment made everyone feel euphoric.
Currently, in the short term, there is some pressure leading to a pullback, but the overall trend remains bullish. The daily chart shows another strong bullish close, forming a series of upward candles. The current moving averages and indicators all signal a bullish trend, with no signs of turning downward. Therefore, the overall direction remains bullish. In the 4-hour chart, after the strong rally, there is a minor pullback, but the overall bullish pattern is quite evident. As the price continues to reach new highs, the support levels are also rising. In such a strong trend, one can simply go with the flow!
In the morning, Bitcoin in the 105,500-105,000 range, target to watch 107,000-109,000 area.
Ethereum in the 3,950-3,930 range, target to watch 4,050-4,100 area.
When your talent cannot support your ambition, you should take time to learn. When your ability cannot handle your goals, you should calm down and hone your skills; choice is greater than effort!