At midnight on Monday, the price of Bitcoin once again refreshed its historical high. The bullish idea around 108,000 from midnight has been validated again, and the morning continues to update the reference around 105,000. After the price retraced to the 105,400 level, it stopped and rebounded. Currently, there is nearly a thousand points of operational space available. The multiple positions in synchronization are mostly bullish, with 600 points already taken off the table, while the remaining positions are still held. The recent rhythm has been consistently booming, and students from the trading platform have generally seen varying degrees of growth in their positions. As we approach the final sprint phase of the year-end, we continue to soar against the wind!!!

Recently, with Trump's upcoming inauguration, changes in monetary policy have become an important factor driving the rise in Bitcoin prices. Adjustments to the Federal Reserve's monetary policy, along with an enhanced expectation for liquidity easing in the market, have made risk assets once again favored by investors. Bitcoin exchange-traded funds (ETFs) listed in the U.S. have recently performed very impressively. In the past week, these ETFs attracted a net inflow of $2.17 billion, and the total inflow since their launch in January has exceeded $5.3 billion. Not only Bitcoin, but also Ethereum funds have recorded a continuous net inflow for seven weeks, totaling $1 billion, with market optimism towards Ethereum continuing to heat up, driving continuous capital inflow. This series of factors are the main drivers accelerating the rise of Bitcoin.

Currently, after a surge in Bitcoin prices, there has been a certain retracement adjustment. However, from the price trend analysis, the current K-line shape on the market clearly shows an upward trend, especially with the large bullish candles on the 15th and 16th. In the 4-hour cycle, the price broke through the previous high of 106,466 and encountered resistance around 107,700. The MACD technical indicator shows that both the DIF and DEA are positive and continue to rise, with the MACD histogram also expanding, indicating strong bullish momentum. The Relative Strength Index (RSI14) is close to the overbought zone but has not yet entered the extreme area, suggesting that there is still some upward space in the market. Therefore, the main strategy remains to participate in the bullish trend and re-entry.

On Tuesday afternoon, the strategy suggests that the bullish positions followed around 105,500 in the morning can be appropriately reduced and held. If a retracement occurs, it is still possible to enter bullish positions, with the target still focusing on the 108,000 level, and the band target looking towards around 112,000.