12.16 Afternoon Analysis and Suggestions
From the current level, we can see that the 104500 line has formed strong support, and the midday pullback is taking place at this level. This is also the reason why we identified this line as our entry point earlier. From a four-hour perspective, the momentum is still increasing, and the price is adhering to the upper Bollinger Band with consecutive upward movements, with no obvious resistance above. In the afternoon, we remain optimistic about the continuation of the momentum and the potential for new highs.
Suggestions
Bitcoin around 104700~105000, look at 106600-106000
Ethereum around 3930~3950, look at 4000-4020
