On December 21st, Saturday, analysis of Bitcoin's early morning thoughts!
Technical structure: from the daily level, the running channel maintains a slowly opening upward state. The price has seen a sharp rise followed by a pullback without forming excessive downward reversal to rise again. The bullish volume keeps its entities arranged to maintain the price's high-level consolidation, while the moving averages show a winding upward trend. The trend is on a path of recovery upward, and breaking higher is only a matter of time.
From the four-hour technical indicators chart, the running channel continues to show a downward opening state. The price is testing both sides weakly but is recovering. The bearish volume is arranged with decreasing consolidation, and the moving averages show some signs of winding. The small cycle pattern still continues in a weak state, entering a phase of oscillating recovery.
Bitcoin personal operation advice: go long near 97000-96500, with a target of 98300-99300 for further upward movement!
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