12.17 Tuesday Bitcoin Ethereum Morning Market Analysis

Bitcoin is experiencing another surge. After continuously hitting historical highs yesterday, there was a brief pullback during the European session. Following the opening of the U.S. stock market, Bitcoin surged again, continuing to set new highs. With the arrival of interest rate cuts from the Federal Reserve and the impending inauguration of Trump, the market's optimistic sentiment towards Bitcoin has been steadily rising, leading to a significant jump in Bitcoin's price. This price surge is closely related to Trump's supportive policies for cryptocurrency. He has promised to make the U.S. a superpower in Bitcoin and actively promote a friendly regulatory environment for digital assets, breaking the restrictions of the Biden administration. These policies are expected to drive a substantial increase in Bitcoin demand, thus pushing the price up.

On the daily chart, Bitcoin has closed with four consecutive bullish candles, and the price continues to rise. The call from the knowledgeable king ignited the crypto circle, breaking the historical high at midnight. The indicators in the attached chart continue to show increasing volume, and BOLL is gradually showing signs of turning upwards. It's not over yet; the bulls will continue to stretch. Don’t try to guess the top; just get in when there’s a pullback to key support. Currently, in the short term, the price is facing resistance around 108,000. After a series of highs, a certain adjustment is needed. After this adjustment, the next target will be the range of 110,000-112,000, and pulling back remains the main way to participate.

Morning Trading Suggestions:

BTC: Pullback to 105,000, target 108,000. There may be a short-term pullback. If you are aggressive, you can try a short position.

ETH: Pullback to 3,930, target 4,100.

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