Analyst Liang Qiu: Bitcoin/Ethereum Breaks New Highs Again on December 16, How Sustainable is the Bullish Trend?
Bitcoin has once again broken through to a new high of around 106,660, with the bulls taking off again. Ethereum also directly broke through the 4,000 round number. We have emphasized the importance of the trend channel and support below multiple times over the past few days, including in yesterday's afternoon article and evening video, where we also stressed the need to enter long positions during pullbacks. It was even mentioned in the video that Bitcoin at 104,600 would definitely break through, and the market has risen as expected. Congratulations to those who followed the strategy. Currently, the market has seen some pullback, and it is important to pay attention to the support levels at 3,880 and 103,000, which also represent a new round of top-bottom conversion. Keep an eye on real-time market changes.
The short-term market has surged significantly, and necessary pullback adjustments are essential. From the daily MA indicators, the 7-day and 10-day moving averages are still arranged upwards, and support is also moving up, highlighting the importance of the rising support at the bottom. In terms of candlestick patterns, recent candles have shown a clear upward trend after experiencing sideways fluctuations over the weekend. In the 4-hour cycle, multiple bullish candles indicate strong market buying pressure. In terms of technical indicators, the current MACD is in the bullish zone, with both DIF and DEA diverging upwards, showing strong upward momentum. The trend remains upward, and one can operate according to the trend after the pullback.
In terms of operations, enter long positions for Bitcoin around 103,300 to 104,000, targeting around 105,800; for Ethereum, enter long positions around 3,900 to 3,940, targeting around 4,000. Currently, the market is primarily in a wave pattern, and the publication has practical effectiveness, with specific guidance based on real-time updates. #加密市场狂欢
