12.16 Bitcoin Market Analysis and Trading Suggestions
This morning, Bitcoin hit a new high, then pulled back around 106700 on the daily chart. The Bollinger Bands are opening upwards, and the overall structure still continues to rise.
In the small timeframe, there has been a pullback from a spike, and we are currently in a high-level correction phase. In the short term, one can catch a wave of retracement.
In such a strong structure, it is also possible to enter the market at a lower price.
For Bitcoin, the first target is around 105500, with a goal of 104500.
For Bitcoin's pullback to around 104000, enter the market with a target of 106000.
Market conditions change rapidly, personal suggestions are for reference only.
