#BTC再创新高 12.17 Morning Market Overview

Bitcoin closed this morning with upper and lower shadow lines and a solid bullish candle, setting a new high of 107793. The intraday support for Bitcoin is at 105048 and 103353, with targets of 108224 and 109919.

Bitcoin has been performing solo these past few days, once again draining the funds from altcoins; MicroStrategy will officially join the Nasdaq 100 index on December 23, and may be included in the S&P 500 by June next year, while MicroStrategy has also purchased 15,350 BTC worth 1.5 billion; the FOMC meeting on the 19th can confirm with 100% certainty that there will be a 25 basis point rate cut in December.... These positive factors prompted Bitcoin to surge directly to 110,000. For those afraid of heights, do not go against the trend and short; follow the trend instead;

The butterfly pattern D point first reversal area mentioned yesterday is at 107783, with a high of 107793. Zhi Xing and Yi successfully received short orders, making a profit of 1300 points; due to the frequent appearance of positive news, keep an eye on the market for manual profit-taking and to protect capital loss.

Yesterday, the net inflow of Bitcoin ETF was 6100 contracts, with BlackRock leading the purchase with 4010 contracts and Fidelity with 1110 contracts, while there was a liquidation of 353.17 million U in 24 hours, with long positions at 202 million and short positions at 150 million.

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