12/12 Bitcoin Ethereum Market Update: Bitcoin is currently above 100,000. In our analysis a few days ago, we discussed that Bitcoin might be at the end of the fifth wave yellow route or still in the consolidation phase of the fourth wave. Based on the judgment of market trends and personal preferences, I tend to believe that Bitcoin is heading towards the upward cycle of the fifth wave. The start of this wave indicates that Bitcoin prices will reach new highs.
Pay close attention to the movements of the MACD indicator. When the MACD shows a pullback and turns into green bars, it is a good opportunity to gradually accumulate long positions. Given that Bitcoin's target price is above 110,000, the current price level clearly has further upward potential.
In summary, if there are no long positions to enter during the white market pullback, or if we switch positions. For om, xrp, and xlm, move the stop-loss up to above the opening price or take profit, and avoid reopening; these three coins are currently relatively weak. If the market pulls back during the day, we will switch to other coins, take profit on turbo, and continue to hold long positions on floki and Bitcoin.