12.17 Market Analysis

1. Bitcoin: Early yesterday morning, the price of Bitcoin strongly broke through to a new high, with the overall price structure continuing to expand upward. The market was active in the evening, continually rising, reaching a peak of 107777, with the evening target precisely achieved.

2. Indicator Situation: The four-hour Bollinger Bands are expanding upward, indicating that bulls are dominant, but the KDJ indicator's three lines are crossing without sufficient divergence. There are signs of a short-term weakening in bullish volume, and upward momentum may face attenuation.

3. The overall direction remains strongly bullish, with a possibility of reaching the significant level of 110000!

Operational Guidance

1. Intraday Strategy: During the daytime, consider looking for a pullback; continue to look upward in the evening.

2. Pullback Strategy: If the price rebounds, the ideal short entry point is within the 106999–107300 range, with a short target price around 105800-105000.

3. As long as it doesn't break below the 105000 line, we look directly upward, targeting 106900-107300-107800.