Analyst Liang Qiu: 12.17 Bitcoin/Ethereum Bulls Reach New Highs Again, How Sustainable is it?

Bitcoin/Ethereum has been repeatedly setting up long positions on pullbacks for several days, and those who followed have been continuously profiting. Currently, Bitcoin/Ethereum has once again broken through new highs overnight, with Bitcoin reaching a maximum of around 108,000 and Ethereum breaking through the previous high to around 4,109. The bullish trend is clear, and there is still a lot of room for further price increases. Many friends are anxious when the price rises or falls during their trading process, operating frequently without any patience, making it difficult to handle the trend. To be honest, such a mindset is worse than taking some time to adjust; even if you operate correctly according to the trend, not being able to hold on is still in vain.

Currently, the Ethereum candlestick pattern is fluctuating around 4,000, forming a relatively obvious oscillation range. The previous resistance level that was difficult to break through, between 3,920 and 3,950, will now serve as the new support. On the technical indicators, the MACD's current DIF and DEA are both trending upwards, and the MACD histogram shows positive values, indicating that bullish strength is dominant in the short term, but divergence risk should be noted. However, due to Bitcoin's strong overall upward movement, Ethereum may still have some room for catch-up gains. In yesterday's daytime analysis of Bitcoin, the previous level of 103,000 was emphasized as a short-term pivot point. Last night, it pulled back to around 103,200 and began to rebound, which was in line with expectations. Currently, the daily line continues to close positively; following the trend, one can continue to enter long positions on pullbacks.

In terms of operations, enter long positions in Bitcoin around 105,000 to 105,800, with a target near 108,500; for Ethereum, enter long positions around 3,940 to 3,970, with a target near 4,080. The current market trend is primarily wave-based, and the publication is timely; specific actions should be based on real-time guidance. #加密用户突破1800万