The morning thoughts were perfectly validated. Over the weekend, the Bitcoin market showed a strong bullish trend, achieving a powerful breakthrough after a strong return. From the perspective of the cycle performance, it has firmly stood above a strong level. The current trading volume has significantly increased compared to the midnight period, with trading activity greatly heightened, and prices have surged rapidly, breaking through continuously and setting a new historical high.

Morning thoughts on December 16:

In the current market situation, the daily K-line shows a high of 104000 and a low of 101230. The MACD indicator shows a situation of decreasing volume and increasing positions, with the trend of top divergence still continuing. From the overall trend perspective, the main force is very likely to initiate a stretching action at any moment, further refreshing historical records. After experiencing a contraction, the Bollinger Bands have now shown signs of opening, and the K-line has just reached the upper band at 103555. Meanwhile, the KDJ shows an upward opening shape, as if it is ready for a full sprint, poised to take off. However, under these circumstances, I do not advocate that investors blindly chase highs and cut losses.

From the performance of the four-hour K-line, it has continuously shown a situation of upward movement, which is a typical slow-rising market. The overall trend has gradually entered the overbought stage, seemingly only one crucial step away. During the trading process, investors must discard personal subjective assumptions and guesses, and should firmly go with the trend, closely following the market rhythm; this is the most correct way to operate. In the current market atmosphere, bullish sentiment is dominant, and before a fundamental change in the trend occurs, each pullback actually provides an excellent entry opportunity for bullish investors.

Big pie: Buy around 102500-103000, target 105000
Second pie: Buy around 3880, target 3960

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