12/17 Morning Thought Analysis

Yesterday, the Bitcoin continuously refreshed its historical high, followed by a brief pullback during the European session. As the US stock market opened, Bitcoin surged again, continuously creating new highs, with a strategy suggested at midnight to continue buying and targeting a bullish outlook of 108,000. The overnight Bitcoin price peaked around 107,700, and this strategy was once again executed, with the price near 107,600 being a successful capture! Congratulations to the fans who kept up with the trading rhythm!

Due to expectations of an interest rate cut by the Federal Reserve and a series of factors including Trump's imminent presidency, market optimism for Bitcoin continues to rise, leading to a significant explosive increase in Bitcoin.

From the daily perspective, Bitcoin has closed positively for 4 consecutive days with prices continuously climbing. Trump's statements have ignited the cryptocurrency world, and at midnight, Bitcoin once again broke through its historical high. Moreover, the BOLL indicator shows a tendency to diverge upwards, indicating that the trend has not ended, and bullish momentum will continue to drive prices higher. At this time, there is no need to blindly guess the top position; one should enter the market to buy when it retraces to key support levels.

Trading Suggestions

Buy Bitcoin on retracement to around 104,500-103,500, targeting around 107,000-108,000.

For Ethereum, buy on retracement around 3,850/3,900, targeting around 4,000-4,150.