12.16 Morning Analysis:

After two days of sideways oscillation and consolidation over the weekend, the market seems eager to surge just as we crossed into Monday. Just now, Bitcoin has once again refreshed its historical high, and the upward momentum is quite fierce.

In the 4-hour structure chart, the candlesticks continue to climb along the upper moving averages, with consecutive bullish days and increasing volume; the bullish trend is about to gain strength again. Market bullish sentiment remains consistently high, while shorts are repeatedly getting liquidated. Brothers, don't be stubborn; continue to maintain a bullish mindset for the day.

Bitcoin has retraced to around 103,500 for a long position, with a target near 106,500.