Bitcoin has been testing the upper pressure for several days and has achieved a breakthrough. The process of stepping back and confirming after each breakthrough seems to be accumulating strength for the next rise.
From a technical perspective, the daily line is positive, and the currency price continues to fluctuate at a high level. Not only is the bottom higher, but the strong positive pull-up is accompanied by a slow decline, which shows that the market's bullish power is more active in the near future.
From the perspective of market sentiment, when prices continue to rise, those investors who were originally on the sidelines may be affected by the "herd effect" and choose to enter the market for fear of missing out on further rising prices. At the same time, investors who already hold Bitcoin will see the good performance of prices and will hold them more firmly, and may even increase their positions. This positive market sentiment will further strengthen the power of the bulls and prompt prices to continue to attack the pressure level.
12.15
Bitcoin: Waiting for a retracement of 101,000-101,500, target 102,500-103,500, stop 100,500
Ethereum: Waiting for a retracement of 3800-3830, target 3890-3980, stop 3760