Crypto Circle Yuelin 12.17 Tuesday, Bitcoin, Ethereum Morning Strategy!
Good morning, crypto friends! I am your lucky goddess Yuelin. Bitcoin is once again experiencing a surge. After setting a new historical high yesterday, there was a brief pullback during the European session. After the US stock market opened, Bitcoin gained momentum again, continuing to set new highs. With the arrival of the Federal Reserve's interest rate cuts and Trump's imminent inauguration, a series of narratives have led to growing optimism in the market regarding Bitcoin, resulting in another explosive rise. This price surge is closely related to Trump's supportive policies towards cryptocurrencies. He has promised to make the United States a superpower in Bitcoin and actively promote a friendly regulatory environment for digital assets, breaking the restrictions set during the Biden administration. These policy expectations are likely to drive a significant increase in Bitcoin demand, thereby pushing up the price.
On the daily chart, Bitcoin has recorded four consecutive days of bullish candles, and the price continues to rise. The understanding king is calling out, igniting the crypto circle to break the historical high again at midnight. The attached indicators continue to show increasing volume, and BOLL is gradually showing signs of turning upwards. It's not over yet; the bulls will continue to stretch. Don't guess the top; just enter when it pulls back to key support. Currently, on a short-term basis, the price is facing resistance at the 108000 level. After consecutive highs, a certain adjustment is needed. After this adjustment, the next target will be the 110000-112000 range, and pulling back to key support remains the main way to participate.
Personal operation suggestions for Tuesday:
BTC: Buy on the pullback at 105000, target 108000, may pull back in the short term. If you're aggressive, you can catch a short.
ETH: Buy on the pullback at 3930, target 4100.
Every day, Yuelin updates the market trend interpretation and operational ideas. The strong will remain strong. I wish all crypto friends to adhere to trading principles, stay away from emotional trading, and wish you a smooth and successful trading day, with daily profits rolling in!