As of that day, Bitcoin had achieved seven consecutive weeks of gains, setting the longest consecutive rise record since 2021.

During the U.S. trading session, Bitcoin stood at $107,000 per coin, setting a new record high, and rose by more than 3% during the day.

The intraday price of the currency continued to remain above the 50-day and 100-day exponential moving averages, and the short-term moving averages showed a bullish arrangement, such as the 5-day moving average and the 10-day moving average, which diverged upward, indicating that the short-term and medium-term trends are still upward, and the bulls have an absolute advantage. In mid-December, Bitcoin had a short-term flag consolidation pattern, and then broke upward, which is usually regarded as a relay pattern, which means the continuation of the upward trend, providing certain technical support for the subsequent rise.

12.17

Bitcoin: Waiting for a retracement of 104,500-105,000, target 106,000-108,300, stop 104,000

Ethereum: Waiting for a retracement of 3910-3940, target 3990-4130, stop 3870