#加密市场狂欢

December 16th Afternoon Trend Analysis Summary:

Overall Trend:

Bitcoin is currently oscillating around 105,000, with the morning pullback target achieved. The market is expected to continue its momentum, and an upward trend may persist in the afternoon.

Technical Analysis:

Daily Chart: Bitcoin is steadily rising along the MA5/10 moving averages, successfully closing with a small bullish candle. The current price continues to rise to 106,658, maintaining an overall bullish trend.

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Four-Hour Chart: Bitcoin continues to rise with increased volume, supported by the upper Bollinger Band. There are no significant obstacles in the short term, and it's expected to make new highs in the afternoon.

Advice from Coin Elder Dog:

Bitcoin: Support in the 104,500-104,800 range, aiming for 106,600.

Ethereum: Also looking bullish.

Summary:

The short-term upward trend for Bitcoin and Ethereum continues. It is recommended to position near the support levels and remain bullish on the market.