(12.16 Monday morning trend analysis) Bitcoin price has once again reached a record high, directly breaking through the 105200 range. How should we treat the current situation? Will we repeat past mistakes?
With the further increase in bullish momentum, the moving averages have remained upward for the entire night without change, and a strong surge this morning has pushed the price further up! The saying 'Bull markets don't signal a top' is indeed very true!
From a technical structural perspective On the daily chart, the candlestick has continued to rise with consecutive bullish candles, and the trend structure continues to maintain a bullish rhythm. The larger trend hasn't changed, while Bitcoin has formed a clear bullish structure on a smaller scale, making the short-term trend increasingly evident. He Yang expects the upward momentum to continue.
From a short-term hourly perspective From the four-hour chart, Bitcoin has three consecutive bullish candles, with the Bollinger Bands opening upward and clear bottom support. Bullish forces are ready to explode, and new highs are just around the corner; after breaking through, it will be smooth sailing. It is recommended to maintain a low-long strategy for positioning.
In summary, He Yang suggests Bitcoin: 104000-103500 range, target 105800-106300 area #纳斯达克100指数宣布纳入微策略 #币安LaunchpoolVANA #VELODROME将上线币安 #BTC重回关键位置后走势 $BTC $ETH
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