12.16 Morning Analysis #BTC再创新高 #BTC☀ #ETH🔥🔥🔥🔥

As expected, the weekend market was volatile, and by Monday, it surged. Bitcoin has now broken through to a new high, and Ethereum also shows signs of stabilizing above 4000.

1. BTC current price 105350. The weekly closing is positive, recently consolidating sideways instead of declining, and it has now broken through the head and shoulders neckline, all performing as expected. It is worth noting that the morning breakout on the daily chart did not show massive volume. In the short term, we need to observe whether it can stabilize at 105000; if it stabilizes, we can look upwards. A short-term buy can be considered if it retraces to 103800. Additionally, 102000 is the key support for the day, and for now, we won't be looking at the top; the focus should be on buying the dips.

Daily Strategy

Aggressively buy near 104000 Stop loss 103200 Take profit 105500, 106500

Steadily buy between 102000-102600 Stop loss 101500 Take profit 104500, 105500~

2. ETH current price 4000. It has a long lower shadow on the weekly chart, and recently its pullback has been weaker than Bitcoin, with many buying during the downturn. Yesterday, it also made a breakout after forming a new converging structure. As long as the 4-hour chart can hold above 4000, we can expect a catch-up rally in the afternoon.

Daily Strategy

Aggressive long positions between 3990-4000 Stop loss 3960 Take profit 4050, 4080

Steady long positions between 3950-3930 Stop loss 3880 Take profit 4050, 4085~

All long positions from yesterday have already taken profit.

3. SOL current price 225. Last week it also touched 205 and formed a bottom, closing above 220 on the weekly chart. The larger structure is still in a bullish flag pattern, and in the short term, it broke through the adjusting channel flag this morning, showing signs of bullish momentum. We still expect further gains in the market.

Daily Strategy

Buy between 224.5-220 Stop loss 218 Take profit 227, 230, 245

Yesterday's long positions can continue to be held, and one can add to the position after retracing within the range.