12/16 Mainstream Currency Analysis
Currently, looking at the market, Bitcoin has successfully stabilized above the 102000 level, and the trend is steadily rising, reaching a high of 1035000, indicating the strength of the bulls.
In the short term, although the trend has entered a sideways state, the large number of buy orders above may be the last opportunity for a short-term breakout. Bullish energy is building up, and today is expected to set a new high.
From the four-hour chart, Bitcoin has three consecutive bullish candles, with the Bollinger Bands opening upwards and clear bottom support. The bullish momentum is ready to explode, and new highs are just around the corner. Once a breakout occurs, it will be smooth sailing. It is recommended to maintain a bullish strategy for positioning.
Bitcoin trading strategy:
Around 102000, long position aiming for 104000.
Ethereum trading strategy:
Around 3850, long position aiming for 4000.
