#BTC再创新高

12.16: Morning Market Overview

A new week has begun, the big pie broke through 106K this morning, reaching a historic high, the daily line closed with a beautiful bullish candle, and the weekly line also closed with a bullish candle, marking a continuous 7-week upward trend, setting the record for the longest consecutive increase since 2021.

In the 4H view, the big pie shows an ascending wedge, breaking new highs is also at the pipeline line position, without stabilizing above the resistance line, it naturally falls back, be wary of a second test of 99K and the inducement behavior.

Looking again at the 4H, a not-so-great standard butterfly pattern appears, with point D predicted to land at 107783 after BC completes, short at D point 107783 PRZ, stop loss at 112485, T1 target 103295, T2 target 100502;

Short at D point second PRZ reversal range 109713-110280, stop loss at 112485, T1 target 104514; T2 target 101256

One can ambush on the left side, or confirm the trend by breaking through the reversal zone on the right side to short, but do not forget to set a stop loss.

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