December 18, Wednesday Bitcoin and Ethereum Strategy Analysis

Current market dynamics show that Bitcoin experienced a pullback after reaching a new high yesterday. After multiple tests of the support level below, there are currently no obvious signs of a renewed upward attack. Notably, the gradual weakening of bearish forces has limited the downside potential, while the pressure faced by the upward movement has also relatively eased.

From the daily chart analysis, Bitcoin's overall trend remains firmly above the three-day average price line support. Last night's pullback quickly gained rebound momentum after touching this important moving average line, further validating its effectiveness as a key support level.

Switching to the hourly chart, we can see Bitcoin's price oscillating around the middle band of the Bollinger Bands. During this process, the weakening of bearish forces has become quite evident. Therefore, it is reasonable to expect that during the upcoming midnight period, bulls may seize this favorable opportunity to push the price higher and recover previous losses.

Based on the above analysis, we will continue to adhere to the strategy of buying on dips.

Trading Suggestions:

Buy Bitcoin around 105100-105600, targeting 107500-108000

Buy Ethereum around 3810-3840, targeting 4060-4100 $BTC $ETH #BTC再创新高 #PENGU开盘 #币安Alpha #USUAL现货开盘预测 #加密用户突破1800万