Market Analysis for 12/17

Can BTC successfully break through 110,000? What are your thoughts on this wave of market movement? Has the bull market already started?

First, let's start with the overall market trend. A stable market allows altcoins to have opportunities. We analyze the mid-term market trend from a 4-hour perspective. As shown in the chart, after the market broke through the previous high of 104,000, it made a pullback. We mentioned the idea of entering at low prices yesterday, and entering near 104,000 could yield a profit of 3,000 points.

Currently, it is easy to defend the bullish position, centered around 104,000. If it does not fall below 104,000, the low bullish strategy still stands; do not short just because you missed the opportunity, you may gamble right once, but the final outcome of going against the trend is liquidation, because your strategy is unstable and based on gambling.

Always remember, the market is unpredictable; we can only follow it. The market is controlled by the main players, and if they do not crash the market, retail investors do not have the ability to influence prices.

In terms of operations, if you hold long positions, you can continue to hold. The bullish defense point is at 104,000;

Additionally, if Bitcoin truly breaks through, pay attention to the opportunities for altcoins to catch up, especially considering Ethereum and other strong trending altcoins like AAVE, LINK, ENA, etc.

Follow for updates, so you don't miss out on layout opportunities.