#加密市场盘整
December 18 Bitcoin Market Analysis 🤞😎✌️
The sharp decline in the morning did not negatively impact our optimistic outlook on the market. The price of Bitcoin reached as high as $108,300, close to breaking the $110,000 level.
From the market analysis, the lowest point this morning dropped to $103,555, but the bearish trend did not continue, which is clearly a washout action, and the market began to gather strength for a rebound.
From a technical perspective, the daily chart closed with a doji pattern, continuing to pull back during the day, but did not break through the key support level.
The four-hour chart shows that after yesterday's spike, the coin price pulled back to near the middle track and stopped falling, indicating that the strong upward trend has not changed, and the upward momentum is expected to continue in the short term. Therefore, the middle track can be considered as support for positioning in the short term.
Operation Suggestions:
Bitcoin: Daily support at $103,600, defend at $102,800, target $104,800.
Ethereum: Daily support at $3,815, defend at $3,775, target $3,865.
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